Retirement plan
NORTHWELL HEALTH CASH BALANCE PLAN
NORTHWELL HEALTH, INC.EIN 11-3418133Plan #004PY 2020
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 10/15/2021
Summary metrics
Total assets (EOY)
$2610.3M
-9.2% from 2019
Total participants
43,121
+5.5% from 2019
Average account balance
$0
No prior year
Annual return
19.38%
-12.36 pp from 2019
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort212 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $23
22
Employer contribution / active EE
$3,204
median $5,975
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
91
Annual return
19.38%
median 12.84%
Overall peer rank
56of 100
56th percentileavg across 6 metrics
Analytics
2018 - 2022
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$66K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
13,658
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$102.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-95.67%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 50 by compensation
| Provider | Service type | Compensation |
|---|---|---|
NORTHERN TRUST COMPANY3+ years Service code 21 · EIN 36-1561860 | Bank Trustee | $766,821 |
BLACKSTONE3+ years Service code 28 345 PARK AVENUE · NEW YORK, NY 10154 | Investment Management | $746,365 |
HARDING LOEVNER LP3+ years Service code 51 · EIN 27-0684167 | Investment Mgmt Fees | $596,910 |
EDGEWOOD MANAGEMENT LLC3+ years Service code 27 · EIN 20-4044179 | Advisory (Plan) | $554,709 |
MFS INSTITUTIONAL ADVISORS2 years Service code 28 · EIN 04-3247425 | Investment Management | $552,943 |
BALBEC CAPITAL MGMT. LP1 year Service code 28 7114 E STETSON DRIVE · SCOTTSDALE, AZ 85251 | Investment Management | $514,523 |
EAGLE CAPITAL MANAGEMENT, LLC3+ years Service code 28 · EIN 22-3361201 | Investment Management | $484,421 |
Service code 28 · EIN 04-3200030 | Investment Management | $420,859 |
DIAMOND HILL CAPITAL MGMT, INC.3+ years Service code 28 · EIN 31-1019984 | Investment Management | $327,704 |
TOWERS WATSON PENNSYLVANIA INC.3+ years Service code 11 · EIN 23-1159360 | Actuarial | $288,598 |
Enrolled actuary
1 attachment
SB
DAVID B. GOLD
WILLIS TOWERS WATSON US LLC
Enrollment #2004944
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 606066424
(312) 525-2475
Signed 2021-10-01
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 codes1A1C3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 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
$11.6M
$366 / participant
- Investment mgmt$6M53.0%
- Contract admin$767K6.6%
- Other / not subdivided$5M40.4%
% of EOY assets
0.446%
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