PlanOptica
Retirement plan

NORTHWELL HEALTH 403(B) PLAN

NORTHWELL HEALTH, INC.EIN 11-3418133Plan #003PY 2020
Sign in to saveView 5500 PDF
972 BRUSH HOLLOW ROAD, 5TH FLOOR - WESTBURY, NY 115901740516-734-7000northwell.eduLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#004Retirement-$2.61B assets#001Retirement-$332.6M assets
Prospect flagsNo flags tripped

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)
$8598.2M
-19.7% from 2019
Total participants
60,959
+0.5% from 2019
Average account balance
$162,903
-22.4% from 2019
Annual return
21.34%
-23.86 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
$7,358
median $3,786
Employer contribution / active EE
$3,438
median $1,365
Participation rate
83.1%
median 83.8%
Avg account balance
$162,903
median $58,490
Admin fee / account holder
$83
median $46
Annual return
21.34%
median 16.84%
Overall peer rank
69th percentileavg across 6 metrics

Analytics

2018 - 2024
Total assets (EOY)
Plan-year ending balance
$10.92B
Average account balance
Total assets / participants with a balance (line 6g)
$200K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
54,511
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
76.8%
Contributions (total)
Employer and participant dollars contributed each year
$522.14M
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.07%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$58
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
Float revenue; Participant loan proce...
$3,924,381
ROCATON INVESTMENT ADVISORS3+ years
Service code 27 · EIN 04-3638035
Advisory (Plan)
$357,601
ERNST & YOUNG LLP3+ years
Service code 10 · EIN 11-2241326
Accounting
$74,600
NATIONAL FINANCIAL SERVICES3+ years
Service code 15
Recordkeeping
$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 codes2L2M2S2T3H
Plan features
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
  • 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

0 tripped
No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II
Admin total
$4.4M
$90 / participant
  • Investment mgmt$358K8.2%
  • Contract admin$4M90.1%
  • Other / not subdivided$75K1.7%
% of EOY assets
0.051%
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