Plan Snapshot
- Plan Sponsor: Rwj Barnabas Health, INC.
- Sponsor EIN: 222405279
- Sponsor Address: 2 CRESCENT PLACE, OCEANPORT, NJ, 07757
- Plan Type: DB
- Total Participants: 5,409
- Total Assets: $755.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,409 | $755.7M | $15.0M | $0 |
| 2023 | 5,841 | $797.5M | $10.0M | $0 |
| 2022 | 6,323 | $792.4M | $10.0M | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON | ACTUARIAL | $2,026,660 | — | $2,026,660 |
| PACIFIC INVESTMENT MANAGEMENT COMP | INVESTMENT MANAGEMENT | $1,316,654 | — | $1,316,654 |
| NORTHERN TRUST COMPANY | NONE | $720,558 | — | $720,558 |
| WINSTON AND STRAWN | NONE | $41,570 | — | $41,570 |
| WITHUMSMITH+BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — ACTUARIAL
- WINSTON AND STRAWN — NONE
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,105,442
- Estimated Expense Ratio: 0.543% 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 | $9,215,555 | $2,367,102 | — | — | — |
| 2023 | $10,224,524 | $1,591,254 | — | $1,609,970 | — |
| 2022 | $10,925,068 | $2,520,595 | — | — | $3,400,953 |