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Retirement plan

BARNABAS HEALTH 401(K) SAVINGS PLAN

BARNABAS HEALTHEIN 22-2405279Plan #005PY 2016
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95 OLD SHORT HILLS ROAD - ORANGE, NJ 070521008973-322-4403LinkedIn1001-5000 employeesnon-profit organization management
Other plans on this EIN
4 filings
#001Retirement-$745.4M assets#006Retirement-$69.9M assets#007Retirement-$8.3M assets#002Retirement--
Prospect flagsLow returnsFailed to provide benefitCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(973) 322-4403
Plan administrator signer
ALGRETTA HATCHER
Signed 10/16/2017
How to read this page

Summary metrics

Total assets (EOY)
$1149.3M
-9.0% from 2016
Total participants
21,921
-1.6% from 2016
Average account balance
$60,806
-7.3% from 2016
Annual return
6.97%
-6.70 pp from 2016

Benchmarks

See 193 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort193 peers
Snapshot2016
Participant deferral / active EE
$3,974
median $2,952
Employer contribution / active EE
$2,925
median $1,144
Participation rate
82.4%
median 73.8%
Avg account balance
$60,806
median $42,315
Admin fee / account holder
$38
median $30
Annual return
6.97%
median 8.69%
Overall peer rank
56th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.97B
Average account balance
Total assets / participants with a balance (line 6g)
$89K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
33,525
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
92.7%
Contributions (total)
Employer and participant dollars contributed each year
$261.21M
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.14%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$60
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 6 by compensation
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.2+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$232,325
MCDERMOTT WILL & EMERY LLP2+ years
Service code 29 · EIN 36-1453176
Legal
$130,880
NFP SECURITIES2+ years
Service code 16 · EIN 74-2794194
Consulting
$104,584
ADAMS DIRECT & MEDIA SERVICES1 year
Service code 36 · EIN 22-1894255
Copying and duplicating
$33,120
NEPC, LLC1 year
Service code 16 · EIN 26-1429809
Consulting
$7,745
FIDELITY INVESTMENTS INSTITUTIONAL2+ years
Service code 37 · EIN 04-2647786
Loan Processing
-$298,135

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 codes2E2G2A2J2K2T
Plan features
  • 2A
    Age/service weighted or new comparability plan
    Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceFailed to provide benefit

    Form 5500 reported that benefits due were not provided when due.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$725K
$42 / participant
  • Investment mgmt$232K32.0%
  • Other / not subdivided$493K68.0%
% of EOY assets
0.063%
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 AND BROWN, PC
Auditor EIN
222027092
Audit fees
(not subdivided)
Opinion code
Disclaimer