Retirement plan
RWJBARNABAS HEALTH 403(B) SAVINGS PLAN
BARNABAS HEALTH, INC.EIN 22-2405279Plan #006PY 2023
95 OLD SHORT HILLS RD, ATTN CORP BENEFITS - WEST ORANGE, NJ 070521008973-322-4403LinkedIn1001-5000 employeesnon-profit organization management
Other plans on this EIN
3 filingsProspect flagsLow returnsLow participationFailed to provide benefitCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHELLE HARVEY
Signed 10/15/2024
Summary metrics
Total assets (EOY)
$1327.3M
-7.9% from 2016
Total participants
29,787
-14.2% from 2016
Average account balance
$66,426
+2.1% from 2016
Annual return
15.98%
-6.59 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort255 peers
Snapshot2023
25
Participant deferral / active EE
$2,307
median $4,532
24
Employer contribution / active EE
$621
median $1,894
25
Participation rate
65.5%
median 86.5%
61
Avg account balance
$66,426
median $57,968
59
Admin fee / account holder
$42
median $47
13
Annual return
15.98%
median 18.72%
Overall peer rank
34of 100
34th 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 | $751,502 |
WINSTON & STRAWN LLP6 years Service code 29 · EIN 36-1975990 | Legal | $80,488 |
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 codes2T2L2M
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
4 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- 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
$832K
$29 / participant
- Recordkeeping$749K90.0%
- Legal$80K9.7%
- Contract admin$3K0.3%
% of EOY assets
0.063%
all-in expense ratio
Categories reported
3 / 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
- $0
- Opinion code
- Disclaimer