Retirement plan

EMPLOYEES' CASH BALANCE PLAN OF ATLANTIC HEALTH SYSTEM, INC.

Name: ATLANTIC HEALTH SYSTEM - EMPLOYEES' CASH BALANCE PLAN OF ATLANTIC HEALTH SYSTEM, INC. (2024) Form 5500
Creator: ATLANTIC HEALTH SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES' CASH BALANCE PLAN OF ATLANTIC HEALTH SYSTEM, INC., ATLANTIC HEALTH SYSTEM

ATLANTIC HEALTH SYSTEMEIN 22-3380375Plan #001PY 2024

475 SOUTH STREET - MORRISTOWN, NJ 07960973-660-3100

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$964.8M

-0.5% from 2023

Total participants

9,361

-3.9% from 2023

Average account balance

No prior year

Annual return

2.23%

-10.30 pp from 2023

Benchmarks

See 88 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants1,000-4,999

Cohort88 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$964.79M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

Not enough data

1 years with per-participant data

Participants with account balance

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

4,591

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

Not enough data

1 years with admin cost on file

Asset composition

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

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
DELOITTE & TOUCHE LLP10+ years Filed as: DELOITTE CONSULTING LLP Service code 11 · EIN 06-1454513	Actuarial	$1,845,550
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INSTITUTIONAL ASSET MGMT Service code 28 · EIN 20-2159373	Investment Management	$262,948
NORTHERN TRUST COMPANY3 years Service code 21 · EIN 36-1561860	Bank Trustee	$64,167
WISS & COMPANY, LLP10+ years Filed as: WISS & COMPANY LLP Service code 10 · EIN 22-1732349	Accounting	$26,500
PHILLIP V GEORGE DBA PHILLIP V GEOR1 year Filed as: PHILLIP RADTKE Service code 29 · EIN 36-3046063	Legal	$24,281
STATE STREET GLOBAL ADVISORS2 years Filed as: STATE STREET RESEARCH & MANAGEMENT Service code 28 · EIN 13-3142135	Investment Management	$23,619
WITMAN STADTMAUER, PA1 year Filed as: WITMAN STADTMAUER PA Service code 29 · EIN 22-2987170	Legal	$11,842
WILLIS TOWERS WATSON US LLC3 years Filed as: WILLIS TOWERS WATSON Service code 10 · EIN 53-0181291	Accounting	$10,512

Enrolled actuary

1 attachment

See 1 actuary disclosure. $4.99 for your first month.

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Plan features & details

Pension benefit codes1A1C

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).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$3.0M

$622 / participant

Trustee / custodial$64K2.2%
Investment mgmt$287K9.7%
Legal$36K1.2%
Actuarial$2M62.6%
Other / not subdivided$724K24.4%

% of EOY assets

0.308%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WISS & COMPANY, LLP
Auditor EIN: 221732349
Audit fees: $26,500
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$334,201-100.0%

Participation rate

0.0%

0.0%0pp

43.9%-43.9pp

0.0%0pp

Annual return

2.23%

5.48%-3.3pp

9.84%-7.6pp

9.30%-7.1pp

Employer contribution / active EE

$7,547

$9,127-17.3%

$30,320-75.1%

$12,557-39.9%

Participant deferral / active EE

$999-100.0%

$66-100.0%

$2,867-100.0%

Admin fee / account holder

$53,213-100.0%

Provider

Service type

Compensation

DELOITTE & TOUCHE LLP10+ years

Filed as: DELOITTE CONSULTING LLP

Service code 11 · EIN 06-1454513

Actuarial

$1,845,550

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INSTITUTIONAL ASSET MGMT

Service code 28 · EIN 20-2159373

Investment Management

$262,948

NORTHERN TRUST COMPANY3 years

Service code 21 · EIN 36-1561860

Bank Trustee

$64,167

WISS & COMPANY, LLP10+ years

Filed as: WISS & COMPANY LLP

Service code 10 · EIN 22-1732349

Accounting

$26,500

PHILLIP V GEORGE DBA PHILLIP V GEOR1 year

Filed as: PHILLIP RADTKE

Service code 29 · EIN 36-3046063

Legal

$24,281

STATE STREET GLOBAL ADVISORS2 years

Filed as: STATE STREET RESEARCH & MANAGEMENT

Service code 28 · EIN 13-3142135

Investment Management

$23,619

WITMAN STADTMAUER, PA1 year

Filed as: WITMAN STADTMAUER PA

Service code 29 · EIN 22-2987170

Legal

$11,842

WILLIS TOWERS WATSON US LLC3 years

Filed as: WILLIS TOWERS WATSON

Service code 10 · EIN 53-0181291

Accounting

$10,512

EMPLOYEES' CASH BALANCE PLAN OF ATLANTIC HEALTH SYSTEM, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES' CASH BALANCE PLAN OF ATLANTIC HEALTH SYSTEM, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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