Retirement plan
NORTHWELL HEALTH PENSION PLAN
NORTHWELL HEALTH, INC.EIN 11-3418133Plan #006PY 2022
972 BRUSH HOLLOW ROAD, 5TH FLOOR - WESTBURY, NY 115901740516-734-7000northwell.eduLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
3 filingsProspect flagsWind-down / frozen
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$2507.1M
-8.5% from 2023
Total participants
44,319
+1.3% from 2023
Average account balance
$0
No prior year
Annual return
1130.68%
+1116.16 pp from 2023
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort204 peers
Snapshot2022
0
Participant deferral / active EE
$0
median $38
0
Employer contribution / active EE
$0
median $6,003
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $1,469,698
0
Admin fee / account holder
$0
median $19,323
99
Annual return
1130.68%
median -13.75%
Overall peer rank
99of 100
99th percentileavg across 6 metrics
Analytics
2022 - 2024
Total assets (EOY)
Plan-year ending balance
$2.84B
Average account balance
Total assets / participants with a balance (line 6g)
$67K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
16,018
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
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.92%
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 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,645,070 |
BAKER TILLY US LLP1+ years Service code 10 · EIN 39-0859910 | Accounting | $21,700 |
LPL FINANCIAL CORP1+ years Service code 49 · EIN 95-2834236 | Other Services | $4,574 |
Enrolled actuary
1 attachment
SB
MICHAEL E. CLARK
PRINCIPAL FINANCIAL GROUP
Enrollment #2306659
PO BOX 9394
DES MOINES, IA 503069394
(412) 394-9383
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.
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
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
$1.7M
$59 / participant
- Contract admin$399K23.9%
- Other / not subdivided$1M76.1%
% of EOY assets
0.066%
all-in expense ratio
Categories reported
1 / 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