PlanOptica
Retirement plan

NORTHWELL HEALTH CASH BALANCE PLAN

NORTHWELL HEALTH, INC.EIN 11-3418133Plan #004PY 2021
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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-$9.82B assets#001Retirement-$615.9M assets
Prospect flagsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(516) 734-7000
Plan administrator signer
MICHELE CUSACK
Signed 10/27/2022
How to read this page

Summary metrics

Total assets (EOY)
$2864.5M
-9.2% from 2019
Total participants
43,265
+5.5% from 2019
Average account balance
$0
No prior year
Annual return
13.92%
-12.36 pp from 2019

Benchmarks

See 206 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort206 peers
Snapshot2021
Participant deferral / active EE
$0
median $81
Employer contribution / active EE
$0
median $6,074
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
13.92%
median 11.59%
Overall peer rank
61st 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
ProviderService typeCompensation
BLACKSTONE4+ years
Service code 28
345 PARK AVENUE · NEW YORK, NY 10154
Investment Management
$2,712,677
TOWERS WATSON PENNSYLVANIA INC.4+ years
Service code 11 · EIN 23-1159360
Actuarial
$1,592,317
HARDING LOEVNER LP4+ years
Service code 51 · EIN 27-0684167
Investment Mgmt Fees
$688,545
MFS GLOBAL1 year
Service code 28 · EIN 04-6551724
Investment Management
$679,569
EDGEWOOD MANAGEMENT LLC4+ years
Service code 27 · EIN 20-4044179
Advisory (Plan)
$671,921
NORTHERN TRUST COMPANY4+ years
Service code 21 · EIN 36-1561860
Bank Trustee
$641,101
APOLLO NRP II3 years
Service code 28 · EIN 38-3953831
Investment Management
$625,934
EAGLE CAPITAL MANAGEMENT, LLC4+ years
Service code 28 · EIN 22-3361201
Investment Management
$554,683
LOOMIS SAYLES TRUST COMPANY LLC1 year
Service code 28 · EIN 20-8080381
Investment Management
$457,801
MORGAN LEWIS & BOCKIUS4+ years
Service code 29 · EIN 23-0891050
Legal
$353,521

Enrolled actuary

1 attachment
SB

DAVID B GOLD

WILLIS TOWERS WATSON US LLC
Enrollment #2004944
WILLIS TOWER
233 SOUTH WACKER DRIVE SUITE 1800
CHICAGO, IL 60606
(312) 525-2475
Signed 2022-10-03

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 codes1A1C3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A 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).
  • 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
  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$15.4M
$521 / participant
  • Investment mgmt$9M58.1%
  • Contract admin$641K4.2%
  • Other / not subdivided$6M37.7%
% of EOY assets
0.539%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified