Employers › Hackensack Meridian Health › plan 011
Recordkeeping fees per participant · HMH 401(k) Savings Plan · plan year 2024
$38.23
Higher than 59% of the 790 plans over $1B that report it.
= $2,063,397 / 53,979
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015085503NAL0008415362001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015085503NAL0008415362001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$38.32
Higher than 37% of the 1,045 plans over $1B that report it.
= $2,068,651 / 53,979
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015085503NAL0008415362001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015085503NAL0008415362001, received 2025-10-15
Administrative expenses per participant
$38.32
Higher than 19% of the 1,076 plans over $1B that report it.
= $2,068,651 / 53,979
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015085503NAL0008415362001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015085503NAL0008415362001, received 2025-10-15
Administrative expenses as a share of assets
0.097%
Higher than 85% of the 1,076 plans over $1B that report it.
= $2,068,651 / $2,131,270,226
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015085503NAL0008415362001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015085503NAL0008415362001, received 2025-10-15
Employer contributions per participant
$2,675
Higher than 30% of the 1,135 plans over $1B that report it.
= $144,370,602 / 53,979
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015085503NAL0008415362001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015085503NAL0008415362001, received 2025-10-15
Employer share of total contributions
36.0%
Higher than 61% of the 1,135 plans over $1B that report it.
= $144,370,602 / $401,180,076
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015085503NAL0008415362001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015085503NAL0008415362001, received 2025-10-15
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015085503NAL0008415362001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | HACKENSACK MERIDIAN HEALTH | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Plan name | HMH 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Sponsor EIN / plan number | 22-3474145 / 011 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Sponsor location | EDISON, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Industry (business code) | 622000, Health care and social assistance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Participants, beginning of year | 49,029 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Active participants | 39,534 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Participants, end of year | 55,699 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Participants with an account balance | 53,979 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Total assets, beginning of year | $1,603,448,159 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Total assets, end of year | $2,131,270,226 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Net assets, end of year | $2,131,270,226 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Total income | $615,203,897 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Net income | $527,822,067 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Employer contributions | $144,370,602 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Participant contributions | $222,884,012 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $33,925,462 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Total contributions | $401,180,076 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Benefit payments | $84,098,824 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $87,381,830 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Total administrative expenses | $2,068,651 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Recordkeeping fees | $2,063,397 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| IQPA audit fees | $5,254 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Administrative expenses excluding investment management | $2,068,651 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Held in mutual funds | $1,934,990,724 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015085503NAL0008415362001, received 2025-10-15 |
| Independent auditor | TORRILLO & ASSOCIATES, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015085503NAL0008415362001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015085503NAL0008415362001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| TIAArecordkeeper | NONE | 15 Recordkeeping and information management; 17 Consulting (pension); 27 Investment advisory (plan); 28 Investment management; 38 Participant communication; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 54 Sales loads (front end and deferred); 64 Recordkeeping fees; 66 Insurance mortality and expense charge | $2,063,397 | yes |
| TORRILLO & ASSOCIATES, LLC | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $5,254 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015085503NAL0008415362001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,603,448,159 | $2,131,270,226 | 32.9% |
| Participants with a balance | 47,160 | 53,979 | 14.5% |
| Administrative expenses | $1,708,068 | $2,068,651 | 21.1% |
| Recordkeeping fees per participant | $36.20 | $38.23 | 5.6% |
| Employer contributions | $129,372,000 | $144,370,602 | 11.6% |
Prior filing 20241015100409NAL0014366819001, received 2024-10-15; the plan years are contiguous.