Retirement plan
RWJBARNABAS HEALTH 403(B) SAVINGS PLAN
BARNABAS HEALTH, INC.EIN 22-2405279Plan #006PY 2020
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 flagsHigh feesLow participationHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ALGRETTA HATCHER
Signed 10/13/2021
Summary metrics
Total assets (EOY)
$1205.8M
-7.9% from 2016
Total participants
34,873
-14.2% from 2016
Average account balance
$430,933
+2.1% from 2016
Annual return
17.39%
-6.59 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort228 peers
Snapshot2020
24
Participant deferral / active EE
$1,744
median $3,786
25
Employer contribution / active EE
$571
median $1,365
2
Participation rate
5.4%
median 83.8%
100
Avg account balance
$430,933
median $58,490
0
Admin fee / account holder
$322
median $46
59
Annual return
17.39%
median 16.84%
Overall peer rank
35of 100
35th 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 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $63,314 |
WINSTON & STRAWN LLP3 years Service code 16 · EIN 36-1975990 | Consulting | $25,574 |
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 codes2L2M2T
Plan features
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
- 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
3 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$901K
$27 / participant
- Other / not subdivided$901K100.0%
% of EOY assets
0.075%
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