Retirement plan

NORTHWELL HEALTH CASH BALANCE PLAN

Name: NORTHWELL HEALTH, INC. - NORTHWELL HEALTH CASH BALANCE PLAN (2018) Form 5500
Creator: NORTHWELL HEALTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWELL HEALTH CASH BALANCE PLAN, NORTHWELL HEALTH, INC.

NORTHWELL HEALTH, INC.EIN 11-3418133Plan #004PY 2018

972 BRUSH HOLLOW ROAD, 5TH FLOOR - WESTBURY, NY 115901740516-734-7000northwell.eduLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#003Retirement-$5.63B assets #001Retirement-$94.5M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 17, 2011 (most recent of 3 filings on file)

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

How to read this page

Total assets (EOY)

$2079.6M

-9.2% from 2019

Total participants

48,771

+5.5% from 2019

Average account balance

No prior year

Annual return

-1.26%

-12.36 pp from 2019

Benchmarks

See 30 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants>=10,000

Cohort30 peers

Snapshot2018

Participant deferral / active EE

median $242

Employer contribution / active EE

$14,612

median $4,311

Participation rate

0.0%

median 0.0%

Avg account balance

median $7,764,297

Admin fee / account holder

median $62,356

Annual return

-1.26%

median -3.24%

Overall peer rank

79of 100

79th percentileavg across 6 metrics

Analytics

2018 - 2022

Total assets (EOY)

Plan-year ending balance

Average account balance

Total assets / participants with a balance (line 6g)

$66K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

13,658

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$102.00M

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-95.67%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 43 by compensation

Provider	Service type	Compensation
BLACKSTONE1+ years Service code 28 345 PARK AVENUE · NEW YORK, NY 10154	Investment Management	$1,253,385
NORTHERN TRUST COMPANY1+ years Service code 21 · EIN 36-1561860	Bank Trustee	$578,697
HARDING LOEVNER LP1+ years Service code 51 · EIN 27-0684167	Investment Mgmt Fees	$464,632
WILLIS TOWERS WATSON US LLC1+ years Filed as: TOWERS WATSON PENNSYLVANIA INC. Service code 11 · EIN 23-1159360	Actuarial	$453,018
EDGEWOOD MANAGEMENT LLC1+ years Service code 27 · EIN 20-4044179	Advisory (Plan)	$408,170
USI CONSULTING GROUP1+ years Filed as: USI CONSULTING GROUP, INC. Service code 11 · EIN 06-1053228	Actuarial	$407,693
EAGLE CAPITAL MANAGEMENT, LLC1+ years Service code 28 · EIN 22-3361201	Investment Management	$369,013
LOOMIS SAYLES1+ years Service code 51 · EIN 04-3200030	Investment Mgmt Fees	$330,358
CONDUENT HR CONSULTING, LLC1+ years Filed as: CONDUENT HR CONCULTING LLC Service code 11 345 PARK AVENUE · NEW YORK, NY 10154	Actuarial	$303,111
DIAMOND HILL1+ years Filed as: DIAMOND HILL CAPITAL MGMT, INC. Service code 28 · EIN 31-1019984	Investment Management	$271,913

Enrolled actuary

1 attachment

DAVID B. GOLD

WILLIS TOWERS WATSON US LLC

Enrollment #1704944

233 SOUTH WACKER DRIVE

SUITE 1800

CHICAGO, IL 606066424

(312) 525-2475

Signed 2019-09-26

Plan features & details

Pension benefit codes1A1C3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$21.5M

$642 / participant

Investment mgmt$4M19.3%
Contract admin$579K2.7%
Other / not subdivided$17M78.0%

% of EOY assets

1.034%

all-in expense ratio

Categories reported

2 / 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: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,764,297-100.0%

$436,953-100.0%

$7,764,297-100.0%

Participation rate

0.0%

0.0%0pp

44.2%-44.2pp

0.0%0pp

Annual return

-1.26%

-0.93%-0.3pp

-102.04%+100.8pp

-1.95%+0.7pp

Employer contribution / active EE

$14,612

$6,242+134.1%

$36,232-59.7%

$9,243+58.1%

Participant deferral / active EE

$325-100.0%

$47-100.0%

$425-100.0%

Admin fee / account holder

$62,356-100.0%

$12,721-100.0%

$62,356-100.0%

Provider

Service type

Compensation

BLACKSTONE1+ years

Service code 28

345 PARK AVENUE · NEW YORK, NY 10154

Investment Management

$1,253,385

NORTHERN TRUST COMPANY1+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$578,697

HARDING LOEVNER LP1+ years

Service code 51 · EIN 27-0684167

Investment Mgmt Fees

$464,632

WILLIS TOWERS WATSON US LLC1+ years

Filed as: TOWERS WATSON PENNSYLVANIA INC.

Service code 11 · EIN 23-1159360

Actuarial

$453,018

EDGEWOOD MANAGEMENT LLC1+ years

Service code 27 · EIN 20-4044179

Advisory (Plan)

$408,170

USI CONSULTING GROUP1+ years

Filed as: USI CONSULTING GROUP, INC.

Service code 11 · EIN 06-1053228

Actuarial

$407,693

EAGLE CAPITAL MANAGEMENT, LLC1+ years

Service code 28 · EIN 22-3361201

Investment Management

$369,013

LOOMIS SAYLES1+ years

Service code 51 · EIN 04-3200030

Investment Mgmt Fees

$330,358

CONDUENT HR CONSULTING, LLC1+ years

Filed as: CONDUENT HR CONCULTING LLC

Service code 11

345 PARK AVENUE · NEW YORK, NY 10154

Actuarial

$303,111

DIAMOND HILL1+ years

Filed as: DIAMOND HILL CAPITAL MGMT, INC.

Service code 28 · EIN 31-1019984

Investment Management

$271,913

NORTHWELL HEALTH CASH BALANCE PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

DAVID B. GOLD

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWELL HEALTH CASH BALANCE PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

DAVID B. GOLD

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion