Plan Snapshot
- Plan Sponsor: Barnabas Health INC.
- Sponsor EIN: 222405279
- Sponsor Address: 95 OLD SHORT HILLS ROAD, WEST ORANGE, NJ, 070521008
- Plan Type: 401(k)
- Total Participants: 28,586
- Total Assets: $3.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 28,586 | $3.0B | $88.3M | $172.9M |
| 2023 | 27,485 | $2.6B | $71.5M | $155.2M |
| 2022 | 29,004 | $2.2B | $69.1M | $126.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $1,146,293 | — | $1,146,293 |
| WINSTON & STRAWN LLP | CONSULTANT | $379,810 | — | $379,810 |
| NEPC, LLC | INVESTMENT ADVISOR | $144,515 | — | $144,515 |
| WITHUMSMITHBROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- WINSTON & STRAWN LLP — CONSULTANT
- NEPC, LLC — INVESTMENT ADVISOR
- WITHUMSMITHBROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,670,618
- Estimated Expense Ratio: 0.056% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,026,707 | — | — | — | — |
| 2023 | $1,482,496 | — | $300 | — | — |
| 2022 | $2,497,388 | — | — | — | — |