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Retirement plan

RWJBARNABAS HEALTH RETIREMENT INCOME PLAN

BARNABAS HEALTH, INC.EIN 22-2405279Plan #001PY 2020
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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-$2.05B assets#006Retirement-$1.21B assets#002Retirement-$93K assets#007Retirement--
Prospect flagsHigh retiree %Low participationLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
ALGRETTA HATCHER
Signed 10/13/2021 (sponsor) / 10/13/2021 (admin)
(973) 322-4400
How to read this page

Summary metrics

Total assets (EOY)
$1107.1M
-0.3% from 2016
Total participants
20,285
+5.5% from 2016
Average account balance
$0
-100.0% from 2016
Annual return
12.86%
-10.32 pp from 2016

Benchmarks

See 30 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants5,000-9,999
Cohort30 peers
Snapshot2020
Participant deferral / active EE
$0
median $76
Employer contribution / active EE
$1,163
median $3,786
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
12.86%
median 12.94%
Overall peer rank
20th 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 8 by compensation
ProviderService typeCompensation
PIMCO6+ years
Service code 28 · EIN 23-0629048
Investment Management
$2,200,443
WILLIS TOWERS WATSON2 years
Service code 11 · EIN 53-0181291
Actuarial
$1,310,370
NORTHERN TRUST COMPANY6+ years
Service code 20 · EIN 36-1561860
Trustee (individual); Direct payment ...
$709,033
TOWERS WATSON6+ years
Service code 11 · EIN 23-1159360
Actuarial
$629,538
GUGGENHEIM PARTNERS INVESTMENT MGT3 years
Service code 28 · EIN 80-0644053
Investment Management
$52,749
WINSTON AND STRAWN3 years
Service code 29 · EIN 36-1975990
Legal
$47,317
ADAMS ADDRESSING ASSOC FOR SERVICES2 years
Service code 15
39 FARANELLA DRIVE · EAST HANOVER, NJ 07936
Recordkeeping
$10,541
BURKE GROUP, LLC3 years
Service code 17 · EIN 80-0688755
Pension Consulting
$2,100

Enrolled actuary

1 attachment
SB

ANTHONY M. CASALE

WILLIS TOWERS WATSON US LLC
Enrollment #2006579
8 CAMPUS DRIVE
4TH FLOOR
PARSIPPANY, NJ 07054
(973) 290-2500
Signed 2021-10-07

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.

  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • 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
$9.2M
$1246 / participant
  • Investment mgmt$5M50.1%
  • Other / not subdivided$5M49.9%
% of EOY assets
0.832%
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