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Retirement plan

NORTHWELL HEALTH 403(B) PLAN

NORTHWELL HEALTH, INC.EIN 11-3418133Plan #003PY 2023
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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
#006Retirement-$2.74B assets#001Retirement-$1.23B 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 10/15/2024
How to read this page

Summary metrics

Total assets (EOY)
$9888.1M
-19.7% from 2019
Total participants
61,177
+0.5% from 2019
Average account balance
$182,894
-22.4% from 2019
Annual return
20.07%
-23.86 pp from 2019

Benchmarks

See 255 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort255 peers
Snapshot2023
Participant deferral / active EE
$8,292
median $4,532
Employer contribution / active EE
$3,539
median $1,894
Participation rate
84.0%
median 86.5%
Avg account balance
$182,894
median $57,968
Admin fee / account holder
$64
median $47
Annual return
20.07%
median 18.72%
Overall peer rank
67th 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 6 by compensation
ProviderService typeCompensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years
Service code 12 · EIN 13-3689044
Investment management; Float revenue;...
$3,110,763
ROCATON INVESTMENT ADVISORS6+ years
Service code 27 · EIN 04-3638035
Advisory (Plan)
$245,219
ERNST & YOUNG, LLP3 years
Service code 10 · EIN 11-2241326
Accounting
$76,206
MORGAN LEWIS & BOCKIUS LLP1 year
Service code 29 · EIN 23-0891050
Legal
$23,040
CHARLES SCHWAB & CO INC.1 year
Service code 33
Securities brokerage; Securities brok...
$0
NATIONAL FINANCIAL SERVICES6+ 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 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
$3.5M
$78 / participant
  • Recordkeeping$3M90.0%
  • Investment mgmt$245K7.1%
  • Legal$23K0.7%
  • Other / not subdivided$76K2.2%
% of EOY assets
0.035%
all-in expense ratio
Categories reported
3 / 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
$76,206
Opinion code
Disclaimer