# Hackensack Meridian Health 403(b) Plan
Source: https://planprovider.pro/companies/hackensack-meridian-health-403b-plan

> Hackensack Meridian Health's 403(b) plan: 16,020 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, 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](https://planprovider.pro/provider/tiaa-teachers-insurance-and-annuity-association-of-america-college-retirement-equities-fund) — NONE

- [AXA EQUITABLE](https://planprovider.pro/provider/equitable) — NONE

- [TORRILLO & ASSOCIATES, LLC](https://planprovider.pro/provider/torrillo-and-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|

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- [Hackensack Meridian Health](https://planprovider.pro/companies/hackensack-meridian-health-plan-001) — 6,935 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/hackensack-meridian-health-403b-plan)

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