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Retirement plan

RWJBARNABAS HEALTH RETIREMENT INCOME PLAN

BARNABAS HEALTH, INC.EIN 22-2405279Plan #001PY 2021
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2 CRESCENT PLACE - OCEANPORT, NJ 07757973-322-4400LinkedIn1001-5000 employeesnon-profit organization management
Other plans on this EIN
3 filings
#005Retirement-$2.35B assets#006Retirement-$1.35B assets#002Retirement-$105K assets
Prospect flagsHigh retiree %Low returnsLow participationWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
ALGRETTA HATCHER
Signed 10/10/2022 (sponsor) / 10/10/2022 (admin)
(973) 322-4400
How to read this page

Summary metrics

Total assets (EOY)
$1050.4M
-0.3% from 2016
Total participants
19,578
+5.5% from 2016
Average account balance
$0
-100.0% from 2016
Annual return
0.98%
-10.32 pp from 2016

Benchmarks

See 32 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants5,000-9,999
Cohort32 peers
Snapshot2021
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $3,570
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
0.98%
median 10.92%
Overall peer rank
2nd 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 4 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON3 years
Service code 11 · EIN 53-0181291
Actuarial
$1,486,863
PIMCO7+ years
Service code 28 · EIN 23-0629048
Investment Management
$1,356,106
NORTHERN TRUST COMPANY7+ years
Service code 20 · EIN 36-1561860
Direct payment from the plan; Trustee...
$894,373
WINSTON AND STRAWN4 years
Service code 29 · EIN 36-1975990
Legal
$172,324

Enrolled actuary

1 attachment
SB

ANTHONY M. CASALE

WILLIS TOWERS WATSON US LLC
Enrollment #2006579
150 JFK PARKWAY
SUITE 520
SHORT HILLS, NJ 07078
(973) 290-2577
Signed 2022-10-04

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

4 tripped
  • OpportunityLow participation

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

  • OpportunityLow returns

    Annual investment return 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.

  • 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
$7.8M
$1130 / participant
  • Investment mgmt$4M51.4%
  • Other / not subdivided$4M48.6%
% of EOY assets
0.739%
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
WITHUMSMITH+BROWN, PC
Auditor EIN
222027092
Audit fees
(not subdivided)
Opinion code
Unqualified