Retirement plan
YALE-NEW HAVEN HOSPITAL AND TAX EXEMPT AFFILIATES TAX SHELTERED ANNUITY PLAN
YALE-NEW HAVEN HOSPITAL, INC.EIN 06-0646652Plan #003PY 2024
789 HOWARD AVENUE - NEW HAVEN, CT 065191304203-688-2401ynhh.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filingsProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$2311.5M
-19.4% from 2019
Total participants
31,139
-9.4% from 2019
Average account balance
$85,260
-13.8% from 2019
Annual return
15.38%
-27.06 pp from 2019
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort275 peers
Snapshot2024
79
Participant deferral / active EE
$7,270
median $4,708
0
Employer contribution / active EE
$0
median $2,014
44
Participation rate
81.9%
median 86.4%
70
Avg account balance
$85,260
median $64,875
91
Admin fee / account holder
$13
median $50
66
Annual return
15.38%
median 14.66%
Overall peer rank
70of 100
70th percentileavg across 6 metrics
Analytics
2018 - 2024
Total assets (EOY)
Plan-year ending balance
$2.31B
Average account balance
Total assets / participants with a balance (line 6g)
$85K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
27,111
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
81.9%
Contributions (total)
Employer and participant dollars contributed each year
$161.70M
Contributions per participant
Average employer and participant contribution per enrolled participant
$7K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.38%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$13
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CAPFINANCIAL PARTNERS3 years Service code 16 · EIN 26-0058143 | Consulting | $48,225 |
BAKER TILLY US, LLP3 years Service code 10 · EIN 30-1413443 | Accounting | $17,300 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$2,208,294 |
Top hat statement on fileNQDC
Filed August 8, 2023 (most recent of 2 filings on file)
Plan administrator
Plans declared (1)
- Special Non-Qualified Retirement Plan II1 emp
Plan features & details
Pension benefit codes2F2G2L2S2T
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$359K
$16 / participant
- Investment mgmt$152K42.3%
- Other / not subdivided$207K57.7%
% of EOY assets
0.016%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- BAKER TILLY US, LLP
- Auditor EIN
- 301413443
- Audit fees
- $17,300
- Opinion code
- Unqualified