Retirement plan
NORTHWELL HEALTH 401(K) PLAN
NORTHWELL HEALTH, INC.EIN 11-3418133Plan #001PY 2018
972 BRUSH HOLLOW ROAD, 5TH FLOOR - WESTBURY, NY 115901740516-734-7000northwell.eduLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHELE CUSACK
Signed 12/03/2019
Summary metrics
Total assets (EOY)
$94.5M
-44.1% from 2019
Total participants
1,758
-89.3% from 2019
Average account balance
$53,748
+235.1% from 2019
Annual return
-4.43%
-53.93 pp from 2019
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants1,000-4,999
Cohort1,316 peers
Snapshot2018
89
Participant deferral / active EE
$6,540
median $2,045
23
Employer contribution / active EE
$205
median $869
93
Participation rate
100.0%
median 75.8%
78
Avg account balance
$53,748
median $28,919
25
Admin fee / account holder
$108
median $57
50
Annual return
-4.43%
median -4.45%
Overall peer rank
60of 100
60th percentileavg across 6 metrics
Analytics
2018 - 2024
Total assets (EOY)
Plan-year ending balance
$1.85B
Average account balance
Total assets / participants with a balance (line 6g)
$42K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
43,550
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
100.0%
Contributions (total)
Employer and participant dollars contributed each year
$450.62M
Contributions per participant
Average employer and participant contribution per enrolled participant
$12K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+21.37%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$38
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Shareholder servicing fees; Claims pr... | $133,755 |
ERNST & YOUNG LLP1+ years Service code 10 · EIN 34-6565596 | Accounting | $52,000 |
ROCATON INVESTMENT ADVISORS1+ years Service code 27 · EIN 04-3638035 | Advisory (Plan) | $4,459 |
NATIONAL FINANCIAL SERVICES1+ years Service code 33 | Securities brokerage commissions and ... | $0 |
Top hat statement on fileNQDC
Filed October 17, 2011 (most recent of 3 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 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.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 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.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$190K
$148 / participant
- Investment mgmt$4K2.3%
- Contract admin$134K70.3%
- Other / not subdivided$52K27.3%
% of EOY assets
0.201%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- ERNST & YOUNG LLP
- Auditor EIN
- 346565596
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer