PlanOptica
Retirement plan

NORTHWELL HEALTH 401(K) PLAN

NORTHWELL HEALTH, INC.EIN 11-3418133Plan #001PY 2020
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972 BRUSH HOLLOW ROAD, 5TH FLOOR - WESTBURY, NY 115901740516-734-7000northwell.eduLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#003Retirement-$8.60B assets#004Retirement-$2.61B assets
Prospect flagsLow assets / participant

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(516) 734-7000
Plan administrator signer
MICHELE CUSACK
Signed 10/15/2021
How to read this page

Summary metrics

Total assets (EOY)
$332.6M
-44.1% from 2019
Total participants
19,620
-89.3% from 2019
Average account balance
$22,591
+235.1% from 2019
Annual return
60.45%
-53.93 pp from 2019

Benchmarks

See 228 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort228 peers
Snapshot2020
Participant deferral / active EE
$3,236
median $3,786
Employer contribution / active EE
$679
median $1,365
Participation rate
73.8%
median 83.8%
Avg account balance
$22,591
median $58,490
Admin fee / account holder
$41
median $46
Annual return
60.45%
median 16.84%
Overall peer rank
44th 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
ProviderService typeCompensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years
Service code 12 · EIN 13-3689044
Investment management; Finders' fees ...
$522,727
ERNST & YOUNG LLP3+ years
Service code 10 · EIN 34-6565596
Accounting
$74,600
ROCATON INVESTMENT ADVISORS3+ years
Service code 27 · EIN 04-3638035
Advisory (Plan)
$8,206
NATIONAL FINANCIAL SERVICES3+ 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.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II
Admin total
$606K
$32 / participant
  • Investment mgmt$8K1.4%
  • Contract admin$523K86.3%
  • Other / not subdivided$75K12.3%
% of EOY assets
0.182%
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