Plan Snapshot
- Plan Sponsor: Hackensack Meridian Health
- Sponsor EIN: 223474145
- Sponsor Address: 343 THORNALL STREET, 8TH FLOOR, EDISON, NJ, 08837
- Plan Type: 403(b)
- Total Participants: 16,020
- Total Assets: $1.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 16,020 | $1.8B | $0 | $0 |
| 2023 | 16,824 | $1.7B | $0 | $0 |
| 2022 | 17,738 | $1.6B | $0 | $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 |
|---|---|---|---|---|
| TIAA | NONE | $549,993 | — | $549,993 |
| VALIC RETIREMENT SERVICES COMPANY | NONE | $5,357 | — | $5,357 |
| AXA EQUITABLE | NONE | $5,183 | — | $5,183 |
| TORRILLO & ASSOCIATES, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- AXA EQUITABLE — NONE
- TORRILLO & ASSOCIATES, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $560,533
- Estimated Expense Ratio: 0.031% 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 | $566,196 | — | $14,865 | — | — |
| 2023 | $649,640 | $970 | $28,203 | $579 | — |
| 2022 | $715,853 | — | — | — | $31,000 |