Retirement plan
RWJBARNABAS HEALTH 401(K) SAVINGS PLAN
BARNABAS HEALTH INC.EIN 22-2405279Plan #005PY 2019
95 OLD SHORT HILLS ROAD - ORANGE, NJ 070521008973-322-4403LinkedIn1001-5000 employeesnon-profit organization management
Prospect flagsLow returnsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ALGRETTA HATCHER
Signed 10/09/2020
Summary metrics
Total assets (EOY)
$1706.3M
-9.0% from 2016
Total participants
24,173
-1.6% from 2016
Average account balance
$75,452
-7.3% from 2016
Annual return
20.28%
-6.70 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort230 peers
Snapshot2019
69
Participant deferral / active EE
$4,645
median $3,454
73
Employer contribution / active EE
$2,991
median $1,544
65
Participation rate
91.9%
median 83.1%
79
Avg account balance
$75,452
median $50,526
66
Admin fee / account holder
$36
median $44
16
Annual return
20.28%
median 22.63%
Overall peer rank
61of 100
61st 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 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
WITHUMSMITH& BROWN1 year Service code 10 · EIN 22-2027092 | Accounting | $260,000 |
NEPC, LLC4 years Service code 16 · EIN 26-1429809 | Consulting | $204,039 |
WINSTON & STRAWN LLP2 years Service code 16 · EIN 36-1975990 | Consulting | $123,184 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$472,640 |
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.
Plan features & details
Pension benefit codes2A2E2G2J2K2T
Plan features
- 2AAge/service weighted or new comparability planAge/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).
- 2EProfit-sharingProfit-sharing plan.
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2TDefault investment accountTotal 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
2 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$811K
$42 / participant
- Other / not subdivided$811K100.0%
% of EOY assets
0.048%
all-in expense ratio
Categories reported
0 / 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
- WITHUMSMITHBROWN, PC
- Auditor EIN
- 222027092
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer