Plan Ledger DOL Form 5500 · updated monthly

Northwell Health, Inc.403(b)

NORTHWELL HEALTH 403(B) PLAN · WESTBURY, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Northwell Health, Inc. reported $3,160,217 in plan administrative expenses for 2024: 0.03% of average plan assets, below the peer median. Employer contributions averaged $3,083 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 0.04% to 0.03%. 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 7th-largest of 5,648 plans among New York employers on file, and the 5th of 11,911 in health care & social assistance. In 2024, employees put in $2.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,919,546,292
Participants with balances54,511
Active participants49,356
Employer contributions$152,148,066
Employee contributions$369,989,439
Employer contribution per active participant$3,083
Average account balance$200,318
Benefits paid to participants$783,040,100
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.9B · 54,511 accts · $152.1M emplr
2023$9.9B · 54,065 accts · $157.5M emplr
2022$8.3B · 55,357 accts · $154.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,928,811
Investment management$128,735
Audit (IQPA)$68,950
Total administrative$3,160,217
Employer contributions to the Northwell Health, Inc. plan · 2024
Employer contribution per active participant$3,083
Median for plans this size$5,259
2024$3,083 per active participant
2023$3,539 per active participant
2022$3,179 per active participant

Northwell 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$2,928,811
ROCATON INVESTMENT ADVISORS · Investment advisory (plan)$110,935
ERNST & YOUNG, LLP · Accounting / audit$68,950
MORGAN LEWIS & BOCKIUS LLP · Legal$33,721
MEKETA INVESTMENT GROUP · Investment management$17,800

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$3,160,217 · 0.03%
2023$3,455,228 · 0.04%
2022$3,657,705 · 0.04%
All plans at this employer2
NORTHWELL HEALTH 401(K) PLAN401(k)
NORTHWELL HEALTH 403(B) PLAN403(b)
Same employer
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Hca Inc. TN$23.8B
Mayo Clinic MN$15.1B · 0.07%
Advocate Aurora Health, Inc WI$10.5B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113418133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.