Plan Ledger DOL Form 5500 · updated monthly

Barnabas Health Inc.401(k)

RWJBARNABAS HEALTH 401(K) SAVINGS PLAN · WEST ORANGE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Barnabas Health Inc. reported $2,026,707 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $3,090 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 0.11% to 0.07%. 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 23rd-largest of 2,419 plans among New Jersey employers on file, and the 50th of 11,911 in health care & social assistance. In 2024, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,967,054,136
Participants with balances33,525
Active participants28,586
Employer contributions$88,337,263
Employee contributions$172,869,417
Employer contribution per active participant$3,090
Average account balance$88,503
Benefits paid to participants$240,995,260
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITHBROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.0B · 33,525 accts · $88.3M emplr
2023$2.6B · 33,996 accts · $71.5M emplr
2022$2.2B · 29,178 accts · $69.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,172,015
Total administrative$2,026,707
The Barnabas Health Inc. 401(k) match · 2024
Employer contribution per active participant$3,090
Median for plans this size$5,259
2024$3,090 per active participant
2023$2,601 per active participant
2022$2,384 per active participant

Barnabas Health Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size. 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,146,293
WINSTON & STRAWN LLP · Consulting · Legal$379,810
NEPC, LLC · Consulting · Investment advisory (plan)$144,515

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

Administrative cost history3
2024$2,026,707 · 0.07%
2023$1,482,496 · 0.06%
2022$2,497,388 · 0.11%
All plans at this employer2
RWJBARNABAS HEALTH 401(K) SAVINGS PLAN401(k)
RWJBARNABAS HEALTH 403(B) SAVINGS PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Corewell Health MI$3.2B · 0.05%
Baycare Health System FL$3.1B · 0.06%
The Methodist Hospital TX$3.0B · 0.06%
William Beaumont Hospital MI$3.0B · 0.11%
Geisinger System Services PA$3.0B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222405279 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.