Plan Ledger DOL Form 5500 · updated monthly

Atlantic Health System Inc.403(b)

ATLANTIC HEALTH SYSTEM 403(B) RETIREMENT SAVINGS PLAN · MORRISTOWN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.12%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Atlantic Health System Inc. reported $1,436,294 in plan administrative expenses for 2024: 0.12% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,059 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.18% to 0.12%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 53rd-largest of 2,419 plans among New Jersey employers on file, and the 145th of 11,911 in health care & social assistance. In 2024, employees put in $2.84 for every $1.00 the employer contributed; active participation has grown from 19,932 to 22,873 since 2022.

Plan summary
Net assets, end of year$1,297,256,025
Participants with balances24,508
Active participants22,873
Employer contributions$47,091,478
Employee contributions$133,686,510
Employer contribution per active participant$2,059
Average account balance$52,932
Benefits paid to participants$76,098,018
Plan auditUnmodified (clean) audit opinion
AuditorWISS & COMPANY,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 24,508 accts · $47.1M emplr
2023$1.0B · 22,971 accts · $39.3M emplr
2022$759.1M · 20,031 accts · $26.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,296,489
Investment management$138,308
Total administrative$1,436,294
Employer contributions to the Atlantic Health System Inc. plan · 2024
Employer contribution per active participant$2,059
Median for plans this size$5,259
2024$2,059 per active participant
2023$1,830 per active participant
2022$1,320 per active participant

Atlantic Health System Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$1,243,881
WILLIS TOWERS WATSON US LLC · Investment advisory (plan)$112,308
WISS & COMPANY LLP · Securities brokerage$26,000
QDRO CONSULTANTS COMPANY, LLC · Consulting$1,200
CHARLES SCHWAB & CO., INC. · Investment advisory (participants) · Securities brokerage$425

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,436,294 · 0.12%
2023$1,685,358 · 0.19%
2022$1,387,596 · 0.18%
Similar plansHealth Care & Social Assistance · New Jersey
Barnabas Health Inc. NJ$3.0B · 0.07%
Virtua Health NJ$1.2B · 0.06%
The Valley Hospital NJ$1.1B · 0.04%
The Cooper Health System NJ$944.0M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521958352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.