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Retirement plan

RWJBARNABAS HEALTH RETIREMENT INCOME PLAN

BARNABAS HEALTH, INC.EIN 22-2405279Plan #001PY 2019
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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
6 filings
#005Retirement-$1.71B assets#006Retirement-$1.03B assets#007Retirement-$7.4M assets#002Retirement-$83K assets#008Retirement--#011Retirement--
Prospect flagsHigh retiree %Low participationWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
ALGRETTA HATCHER
Signed 09/30/2020 (sponsor) / 09/30/2020 (admin)
(973) 322-4400
How to read this page

Summary metrics

Total assets (EOY)
$1035M
-0.3% from 2016
Total participants
19,670
+5.5% from 2016
Average account balance
$0
-100.0% from 2016
Annual return
17.57%
-10.32 pp from 2016

Benchmarks

See 196 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort196 peers
Snapshot2019
Participant deferral / active EE
$0
median $62
Employer contribution / active EE
$0
median $9,348
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
17.57%
median 17.11%
Overall peer rank
28th 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 10 of 12 by compensation
ProviderService typeCompensation
TOWERS WATSON5+ years
Service code 11 · EIN 23-1159360
Actuarial
$1,967,609
PIMCO5+ years
Service code 28 · EIN 23-0629048
Investment Management
$1,293,676
NORTHERN TRUST COMPANY5+ years
Service code 20 · EIN 36-1561860
Direct payment from the plan; Trustee...
$266,207
GUGGENHEIM PARTNERS INVESTMENT MGT2 years
Service code 28 · EIN 80-0644053
Investment Management
$155,274
WINSTON AND STRAWN2 years
Service code 29 · EIN 36-1975990
Legal
$140,087
FIDELITY INSTITUTIONAL OPERATIONS5+ years
Service code 15 · EIN 04-3304255
Recordkeeping
$132,807
WILLIS TOWERS WATSON1 year
Service code 11 · EIN 53-0181291
Actuarial
$129,518
ADAMS ADDRESSING ASSOC FOR SERVICES1 year
Service code 15
39 FARANELLA DRIVE · EAST HANOVER, NJ 07936
Recordkeeping
$45,976
BURKE GROUP, LLC2 years
Service code 17 · EIN 80-0688755
Pension Consulting
$4,300
MGM RESORTS INTERNATIONAL1 year
Service code 15
3600 SOUTH LAS VEGAS BOULEVARD · LAS VEGAS, NV 89109
Recordkeeping
$1,008

Enrolled actuary

1 attachment
SB

ANTHONY M. CASALE

WILLIS TOWERS WATSON US LLC
Enrollment #2006579
8 CAMPUS DRIVE
4TH FLOOR
PARSIPPANY, NJ 07054
(973) 290-2577
Signed 2020-09-28

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

3 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.

  • 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
$10.9M
$1351 / participant
  • Investment mgmt$3M28.7%
  • Other / not subdivided$8M71.3%
% of EOY assets
1.050%
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