PlanOptica
Retirement plan

NORTHWELL HEALTH CASH BALANCE PLAN

NORTHWELL HEALTH, INC.EIN 11-3418133Plan #004PY 2022
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972 BRUSH HOLLOW ROAD, 5TH FLOOR - WESTBURY, NY 115901740516-734-7000northwell.eduLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
3 filings
#003Retirement-$8.32B assets#006Retirement-$2.51B assets#001Retirement-$723.2M assets
Prospect flagsRecently cancelled planLow returnsWind-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 10/16/2023
How to read this page

Summary metrics

Total assets (EOY)
$0
-9.2% from 2019
Total participants
0
+5.5% from 2019
Average account balance
$0
No prior year
Annual return
-95.67%
-12.36 pp from 2019

Benchmarks

See 13,095 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants<25
Cohort13,095 peers
Snapshot2022
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $25,320
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $126,710
Admin fee / account holder
$0
median $401
Annual return
-95.67%
median -11.51%
Overall peer rank
0th 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
BLACKSTONE5+ years
Service code 28
345 PARK AVENUE · NEW YORK, NY 10154
Investment Management
$1,896,243
NORTHERN TRUST COMPANY5+ years
Service code 21 · EIN 36-1561860
Bank Trustee
$632,334
MFS INSTITUTIONAL ADVISORS4 years
Service code 28 · EIN 04-3247425
Investment Management
$602,810
HARDING LOEVNER LP5+ years
Service code 51 · EIN 27-0684167
Investment Mgmt Fees
$593,537
EDGEWOOD MANAGEMENT LLC5+ years
Service code 27 · EIN 20-4044179
Advisory (Plan)
$556,763
EAGLE CAPITAL MANAGEMENT, LLC5+ years
Service code 28 · EIN 22-3361201
Investment Management
$498,490
ROCATON INVESTMENT ADVISORS5+ years
Service code 17 · EIN 04-3638035
Pension Consulting
$399,867
USI CONSULTING GROUP, INC.5+ years
Service code 11 · EIN 06-1053228
Actuarial
$382,672
WELLINGTON TRUST COMPANY5+ years
Service code 51 · EIN 04-2755549
Investment Mgmt Fees
$370,367
LOOMIS SAYLES TRUST COMPANY LLC2 years
Service code 28 · EIN 20-8080381
Investment Management
$309,718

Enrolled actuary

1 attachment
SB

DAVID B GOLD

WILLIS TOWERS WATSON US LLC
Enrollment #2304944
WILLIS TOWER
233 SOUTH WACKER DRIVE SUITE 1800
CHICAGO, IL 60606
(312) 525-2475
Signed 2023-10-05

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

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • 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.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$13.0M
  • Investment mgmt$7M57.7%
  • Contract admin$632K4.9%
  • Other / not subdivided$5M37.4%
% of EOY assets
-
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