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Retirement plan

BARNABAS HEALTH 403(B) SAVINGS PLAN

BARNABAS HEALTH, INC.EIN 22-2405279Plan #006PY 2016
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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 filings
#005Retirement-$1.15B assets#001Retirement-$745.4M assets#007Retirement-$8.3M assets#002Retirement--
Prospect flagsLow returnsLow participationLow employer contributionLow participant contribution

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)
$69.9M
-7.9% from 2016
Total participants
24,309
-14.2% from 2016
Average account balance
$26,122
+2.1% from 2016
Annual return
6.58%
-6.59 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
$222
median $2,952
Employer contribution / active EE
$0
median $1,144
Participation rate
8.7%
median 73.8%
Avg account balance
$26,122
median $42,315
Admin fee / account holder
$15
median $30
Annual return
6.58%
median 8.69%
Overall peer rank
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
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.2+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$9,854
NFP SECURITIES2+ years
Service code 16 · EIN 74-2794194
Consulting
$6,875
FIDELITY INVESTMENTS INSTITUTIONAL2+ years
Service code 37 · EIN 04-2647786
Loan Processing
-$969

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 codes2L2M2T
Plan features
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
  • 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

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
$40K
$2 / participant
  • Investment mgmt$10K24.9%
  • Other / not subdivided$30K75.1%
% of EOY assets
0.057%
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
WITHUMSMITHBROWN, PC
Auditor EIN
222027092
Audit fees
(not subdivided)
Opinion code
Disclaimer