Retirement plan

NORTHWELL HEALTH CASH BALANCE PLAN

Name: NORTHWELL HEALTH, INC. - NORTHWELL HEALTH CASH BALANCE PLAN (2019) 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 2019

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

Other plans on this EIN

2 filings

#003Retirement-$7.01B assets #001Retirement-$169.0M 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

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Total assets (EOY)

$2289.5M

-9.2% from 2019

Total participants

46,220

+5.5% from 2019

Average account balance

No prior year

Annual return

11.09%

-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

Snapshot2019

Participant deferral / active EE

median $181

Employer contribution / active EE

$5,145

median $5,091

Participation rate

0.0%

median 0.0%

Avg account balance

median $69,208,052

Admin fee / account holder

median $454,372

Annual return

11.09%

median 15.63%

Overall peer rank

36of 100

36th 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 48 by compensation

Provider	Service type	Compensation
BLACKSTONE2+ years Service code 28 345 PARK AVENUE · NEW YORK, NY 10154	Investment Management	$1,287,337
WILLIS TOWERS WATSON US LLC2+ years Filed as: TOWERS WATSON PENNSYLVANIA INC. Service code 11 · EIN 23-1159360	Actuarial	$1,003,514
NORTHERN TRUST COMPANY2+ years Service code 21 · EIN 36-1561860	Bank Trustee	$739,504
HARDING LOEVNER LP2+ years Service code 51 · EIN 27-0684167	Investment Mgmt Fees	$437,580
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS INSTITUTIONAL ADVISORS Service code 28 · EIN 04-3247425	Investment Management	$426,750
EDGEWOOD MANAGEMENT LLC2+ years Service code 27 · EIN 20-4044179	Advisory (Plan)	$381,297
LOOMIS SAYLES2+ years Service code 51 · EIN 04-3200030	Investment Mgmt Fees	$337,773
EAGLE CAPITAL MANAGEMENT, LLC2+ years Service code 28 · EIN 22-3361201	Investment Management	$322,733
DIAMOND HILL2+ years Filed as: DIAMOND HILL CAPITAL MGMT, INC. Service code 28 · EIN 31-1019984	Investment Management	$260,196
CONDUENT HR CONSULTING, LLC2+ years Filed as: CONDUENT HR CONCULTING LLC Service code 11 345 PARK AVENUE · NEW YORK, NY 10154	Actuarial	$211,668

Enrolled actuary

1 attachment

DAVID B. GOLD

WILLIS TOWERS WATSON US LLC

Enrollment #2004944

233 SOUTH WACKER DRIVE

SUITE 1800

CHICAGO, IL 606066424

(312) 525-2475

Signed 2020-09-15

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

$10.7M

$325 / participant

Investment mgmt$5M42.5%
Contract admin$740K6.9%
Other / not subdivided$5M50.6%

% of EOY assets

0.469%

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

$69,208,052-100.0%

$428,620-100.0%

$894,319,009-100.0%

Participation rate

0.0%

0.0%0pp

46.0%-46.0pp

0.0%0pp

Annual return

11.09%

15.39%-4.3pp

20.73%-9.6pp

24.48%-13.4pp

Employer contribution / active EE

$5,145

$7,237-28.9%

$36,503-85.9%

$9,418-45.4%

Participant deferral / active EE

$263-100.0%

$77-100.0%

$501-100.0%

Admin fee / account holder

$454,372-100.0%

$7,495-100.0%

$2,968,729-100.0%

Provider

Service type

Compensation

BLACKSTONE2+ years

Service code 28

345 PARK AVENUE · NEW YORK, NY 10154

Investment Management

$1,287,337

WILLIS TOWERS WATSON US LLC2+ years

Filed as: TOWERS WATSON PENNSYLVANIA INC.

Service code 11 · EIN 23-1159360

Actuarial

$1,003,514

NORTHERN TRUST COMPANY2+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$739,504

HARDING LOEVNER LP2+ years

Service code 51 · EIN 27-0684167

Investment Mgmt Fees

$437,580

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS INSTITUTIONAL ADVISORS

Service code 28 · EIN 04-3247425

Investment Management

$426,750

EDGEWOOD MANAGEMENT LLC2+ years

Service code 27 · EIN 20-4044179

Advisory (Plan)

$381,297

LOOMIS SAYLES2+ years

Service code 51 · EIN 04-3200030

Investment Mgmt Fees

$337,773

EAGLE CAPITAL MANAGEMENT, LLC2+ years

Service code 28 · EIN 22-3361201

Investment Management

$322,733

DIAMOND HILL2+ years

Filed as: DIAMOND HILL CAPITAL MGMT, INC.

Service code 28 · EIN 31-1019984

Investment Management

$260,196

CONDUENT HR CONSULTING, LLC2+ years

Filed as: CONDUENT HR CONCULTING LLC

Service code 11

345 PARK AVENUE · NEW YORK, NY 10154

Actuarial

$211,668

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