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Retirement plan

RWJBARNABAS HEALTH RETIREMENT INCOME PLAN

BARNABAS HEALTH, INC.EIN 22-2405279Plan #001PY 2017
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95 OLD SHORT HILLS ROAD - WEST ORANGE, NJ 07052973-322-4400LinkedIn1001-5000 employeesnon-profit organization management
Other plans on this EIN
4 filings
#005Retirement-$1.40B assets#006Retirement-$888.0M assets#007Retirement-$8.3M assets#004Retirement--
Prospect flagsHigh retiree %Low participation

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
ALGRETTA HATCHER
Signed 10/12/2018 (sponsor) / 10/12/2018 (admin)
(973) 322-4400
How to read this page

Summary metrics

Total assets (EOY)
$1020.2M
-0.3% from 2016
Total participants
22,361
+5.5% from 2016
Average account balance
$0
-100.0% from 2016
Annual return
40.07%
-10.32 pp from 2016

Benchmarks

See 34 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants5,000-9,999
Cohort34 peers
Snapshot2017
Participant deferral / active EE
$0
median $48
Employer contribution / active EE
$2,806
median $4,101
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
40.07%
median 13.43%
Overall peer rank
45th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$755.69M
Average account balance
Total assets / participants with a balance (line 6g)
$47K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
10,768
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
$15.00M
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
+1.09%
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 7 by compensation
ProviderService typeCompensation
PIMCO3+ years
Service code 28 · EIN 23-0629048
Investment Management
$1,483,865
FIDELITY INSTITUTIONAL OPERATIONS3+ years
Service code 15 · EIN 04-3304255
Recordkeeping
$1,288,318
NORTHERN TRUST COMPANY3+ years
Service code 20 · EIN 36-1561860
Trustee (individual); Direct payment ...
$201,889
TOWERS WATSON3+ years
Service code 11 · EIN 23-1159360
Actuarial
$148,953
UBS GLOBAL ASSET MANGEMENT1 year
Service code 28 · EIN 36-3718331
Investment Management
$31,984
GRUGGENHEIM PARTNERS INVESTMENT MGT1 year
Service code 28 · EIN 80-0644053
Investment Management
$29,368
MCDERMOTT, WILL & EMERY LLP3+ years
Service code 29 · EIN 36-1453176
Legal
$22,530

Enrolled actuary

1 attachment
SB

ANTHONY M. CASALE

TOWERS WATSON DELAWARE, INC.
Enrollment #1706579
8 CAMPUS DRIVE
4TH FLOOR
PARSIPPANY, NJ 07054
(973) 290-2577
Signed 2018-10-12

Top hat statement on fileNQDC

Filed September 15, 2006

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 codes1A
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).

Opportunity flags

2 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$8.6M
$906 / participant
  • Investment mgmt$4M44.6%
  • Other / not subdivided$5M55.4%
% of EOY assets
0.842%
all-in expense ratio
Categories reported
1 / 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
WITHUMSMITH+BROWN, PC
Auditor EIN
222027092
Audit fees
(not subdivided)
Opinion code
Disclaimer