# Hackensack Meridian Health 401(k) Plan
Source: https://planprovider.pro/companies/hackensack-meridian-health-401k-plan-011

> Hackensack Meridian Health's 401(k) plan: 39,534 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hackensack Meridian Health

- **Sponsor EIN:** 223474145

- **Sponsor Address:** 343 THORNALL STREET, EDISON, NJ, 08837

- **Plan Type:** 401(k)

- **Total Participants:** 39,534

- **Total Assets:** $2.1B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|39,534|$2.1B|$144.4M|$222.9M|

| 2023|35,709|$1.6B|$129.4M|$196.6M|

| 2022|31,796|$1.0B|$111.6M|$170.4M|

## 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|

| TIAA|NONE|$2,063,397|—|$2,063,397|

| TORRILLO & ASSOCIATES, LLC|NONE|$5,254|—|$5,254|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [TIAA](https://planprovider.pro/provider/tiaa-teachers-insurance-and-annuity-association-of-america-college-retirement-equities-fund) — NONE

- [TORRILLO & ASSOCIATES, LLC](https://planprovider.pro/provider/torrillo-and-associates-llc) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,068,651

- **Estimated Expense Ratio:** 0.097% 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|$2,068,651|—|—|$5,254|—|

| 2023|$1,708,068|—|—|$950|—|

| 2022|$1,412,977|—|—|—|$530|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/hackensack-meridian-health-401k-plan-011)

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