Retirement plan
BARNABAS HEALTH 403(B) SAVINGS PLAN
BARNABAS HEALTH, INC.EIN 22-2405279Plan #006PY 2015
95 OLD SHORT HILLS RD, ATTN CORP BENEFITS - WEST ORANGE, NJ 070521008973-322-4403LinkedIn1001-5000 employeesnon-profit organization management
Other plans on this EIN
4 filingsProspect flagsLow returnsLow participationLow employer contributionLow participant contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ALGRETTA HATCHER
Signed 10/14/2016
Summary metrics
Total assets (EOY)
$64.3M
-7.9% from 2016
Total participants
20,849
-14.2% from 2016
Average account balance
$26,669
+2.1% from 2016
Annual return
-0.01%
-6.59 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort182 peers
Snapshot2015
5
Participant deferral / active EE
$198
median $2,716
0
Employer contribution / active EE
$0
median $1,045
4
Participation rate
8.8%
median 71.6%
22
Avg account balance
$26,669
median $41,617
69
Admin fee / account holder
$15
median $28
15
Annual return
-0.01%
median 1.22%
Overall peer rank
19of 100
19th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.50B
Average account balance
Total assets / participants with a balance (line 6g)
$73K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
20,460
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
47.9%
Contributions (total)
Employer and participant dollars contributed each year
$97.25M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.66%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$54
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
NFP SECURITIES1+ years Service code 16 · EIN 74-2794194 | Consulting | $7,500 |
STRATEGIC ADVISORS, INC.1+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $6,836 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$14,357 |
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 codes2M2T
Plan features
- 2MCode section 403(b)(7) accountsPlan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
- 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
4 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$37K
$2 / participant
- Investment mgmt$7K18.4%
- Other / not subdivided$30K81.6%
% of EOY assets
0.058%
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
- BAKER TILLY VIRCHOW KRAUSE LLP
- Auditor EIN
- 390859910
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer