PlanOptica
Retirement plan

NORTHWELL HEALTH PENSION PLAN

NORTHWELL HEALTH, INC.EIN 11-3418133Plan #006PY 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
#003Retirement-$9.89B assets#001Retirement-$1.23B 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 10/15/2024
How to read this page

Summary metrics

Total assets (EOY)
$2739.6M
-8.5% from 2023
Total participants
43,737
+1.3% from 2023
Average account balance
$0
No prior year
Annual return
14.51%
+1116.16 pp from 2023

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$0
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
14.51%
median 8.27%
Overall peer rank
91st 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 10 of 50 by compensation
ProviderService typeCompensation
BLACKSTONE1 year
Service code 28
345 PARK AVENUE · NEW YORK, NY 10154
Investment Management
$1,630,416
MORGAN LEWIS & BOCKIUS1 year
Service code 29 · EIN 23-0891050
Legal
$946,014
NORTHERN TRUST COMPANY1 year
Service code 21 · EIN 36-1561860
Bank Trustee
$676,767
EAGLE CAPITAL MANAGEMENT, LLC1 year
Service code 28 · EIN 22-3361201
Investment Management
$673,430
EDGEWOOD MANAGEMENT LLC1 year
Service code 27 · EIN 20-4044179
Advisory (Plan)
$595,087
TOWERS WATSON1 year
Service code 11 · EIN 53-0181291
Actuarial
$590,483
BUCK GLOBAL LLC1 year
Service code 11 · EIN 13-3954297
Actuarial
$440,720
CONDUENT HR SERVICES LLC1 year
Service code 11 · EIN 16-0468020
Actuarial
$375,353
MFS INSTITUTIONAL ADVISORS1 year
Service code 28 · EIN 04-3247425
Investment Management
$365,382
WELLINGTON TRUST COMPANY1 year
Service code 51 · EIN 04-2755549
Investment Mgmt Fees
$346,684

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 2024-09-19

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
$14.1M
$522 / participant
  • Recordkeeping$677K4.8%
  • Investment mgmt$7M46.8%
  • Legal$946K6.7%
  • Actuarial$1M10.4%
  • Other / not subdivided$4M31.3%
% of EOY assets
0.514%
all-in expense ratio
Categories reported
4 / 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
$155,883
Opinion code
Unqualified