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Plan Name | NYU LUTHERAN MEDICAL CENTER DEFINED BENEFIT RETIREMENT PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | NYU LANGONE HOSPITALS |
Employer identification number (EIN): | 133971298 |
NAIC Classification: | 622000 |
NAIC Description: | Hospitals |
Additional information about NYU LANGONE HOSPITALS
Jurisdiction of Incorporation: | New York Department of State |
Incorporation Date: | 1997-11-24 |
Company Identification Number: | 2202123 |
Legal Registered Office Address: |
OFFICE OF THE GENERAL COUNSEL 550 FIRST AVENUE - HCC 15 NEW YORK United States of America (USA) 10016 |
More information about NYU LANGONE HOSPITALS
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2018-01-01 | ||||
001 | 2017-01-01 |
Measure | Date | Value |
---|---|---|
2018: NYU LUTHERAN MEDICAL CENTER DEFINED BENEFIT RETIREMENT PLAN 2018 401k membership | ||
Market value of plan assets | 2018-12-31 | 272,231,922 |
Acturial value of plan assets | 2018-12-31 | 272,231,922 |
Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 95,106,948 |
Number of terminated vested participants | 2018-12-31 | 922 |
Fundng target for terminated vested participants | 2018-12-31 | 51,313,212 |
Active participant vested funding target | 2018-12-31 | 104,035,267 |
Number of active participants | 2018-12-31 | 1,156 |
Total funding liabilities for active participants | 2018-12-31 | 112,169,243 |
Total participant count | 2018-12-31 | 2,984 |
Total funding target for all participants | 2018-12-31 | 258,589,403 |
Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
Amount remaining of carryover balance | 2018-12-31 | 0 |
Amount remaining of prefunding balance | 2018-12-31 | 0 |
Present value of excess contributions | 2018-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 0 |
Balance of carryovers at beginning of current year | 2018-12-31 | 0 |
Balance of prefunding at beginning of current year | 2018-12-31 | 0 |
Total employer contributions | 2018-12-31 | 32,166,947 |
Total employee contributions | 2018-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 29,247,476 |
Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-12-31 | 9,227,950 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 0 |
Additional cash requirement | 2018-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 29,247,476 |
Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
Total participants, beginning-of-year | 2018-01-01 | 2,984 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 1,105 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 859 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 905 |
Total of all active and inactive participants | 2018-01-01 | 2,869 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 100 |
Total participants | 2018-01-01 | 2,969 |
Number of participants with account balances | 2018-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 85 |
2017: NYU LUTHERAN MEDICAL CENTER DEFINED BENEFIT RETIREMENT PLAN 2017 401k membership | ||
Market value of plan assets | 2017-12-31 | 247,252,767 |
Acturial value of plan assets | 2017-12-31 | 247,252,767 |
Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 86,376,467 |
Number of terminated vested participants | 2017-12-31 | 919 |
Fundng target for terminated vested participants | 2017-12-31 | 42,562,902 |
Active participant vested funding target | 2017-12-31 | 99,838,349 |
Number of active participants | 2017-12-31 | 1,125 |
Total funding liabilities for active participants | 2017-12-31 | 107,691,679 |
Total participant count | 2017-12-31 | 2,882 |
Total funding target for all participants | 2017-12-31 | 236,631,048 |
Balance at beginning of prior year after applicable adjustments | 2017-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-12-31 | 0 |
Amount remaining of carryover balance | 2017-12-31 | 0 |
Amount remaining of prefunding balance | 2017-12-31 | 0 |
Present value of excess contributions | 2017-12-31 | 8,356,211 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 8,868,447 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2017-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-12-31 | 0 |
Balance of carryovers at beginning of current year | 2017-12-31 | 0 |
Balance of prefunding at beginning of current year | 2017-12-31 | 0 |
Total employer contributions | 2017-12-31 | 0 |
Total employee contributions | 2017-12-31 | 0 |
Liquidity shortfalls end of Q1 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2017-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2017-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2017-12-31 | 7,717,658 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-12-31 | 0 |
Additional cash requirement | 2017-12-31 | 0 |
Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
Total participants, beginning-of-year | 2017-01-01 | 2,882 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 1,156 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 812 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 921 |
Total of all active and inactive participants | 2017-01-01 | 2,889 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 95 |
Total participants | 2017-01-01 | 2,984 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 35 |
Measure | Date | Value |
---|---|---|
2018 : NYU LUTHERAN MEDICAL CENTER DEFINED BENEFIT RETIREMENT PLAN 2018 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $116,488 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $20,413 |
Total income from all sources (including contributions) | 2018-12-31 | $18,802,986 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $18,259,309 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $16,104,340 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $32,166,947 |
Value of total assets at end of year | 2018-12-31 | $272,871,674 |
Value of total assets at beginning of year | 2018-12-31 | $272,231,922 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $2,154,969 |
Total interest from all sources | 2018-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $6,017,208 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $6,017,208 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $20,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-31 | $147,218 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2018-12-31 | $116,488 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-12-31 | $20,413 |
Administrative expenses (other) incurred | 2018-12-31 | $1,781,448 |
Total non interest bearing cash at end of year | 2018-12-31 | $3,147,980 |
Total non interest bearing cash at beginning of year | 2018-12-31 | $1,352,589 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $543,677 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $272,755,186 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $272,211,509 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Investment advisory and management fees | 2018-12-31 | $373,521 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $237,556,747 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $270,732,115 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-19,381,169 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $32,166,947 |
Employer contributions (assets) at end of year | 2018-12-31 | $32,166,947 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $16,104,340 |
Did the plan have assets held for investment | 2018-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | PRICEWATERHOUSECOOPERS LLP |
Accountancy firm EIN | 2018-12-31 | 134008324 |
2017 : NYU LUTHERAN MEDICAL CENTER DEFINED BENEFIT RETIREMENT PLAN 2017 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $20,413 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $23,731 |
Total income from all sources (including contributions) | 2017-12-31 | $40,749,512 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $16,116,704 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $15,361,789 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $0 |
Value of total assets at end of year | 2017-12-31 | $272,231,922 |
Value of total assets at beginning of year | 2017-12-31 | $247,602,432 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $754,915 |
Total interest from all sources | 2017-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $5,957,795 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $5,957,795 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $20,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $147,218 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2017-12-31 | $20,413 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-12-31 | $23,731 |
Total non interest bearing cash at end of year | 2017-12-31 | $1,352,589 |
Total non interest bearing cash at beginning of year | 2017-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $24,632,808 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $272,211,509 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $247,578,701 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Investment advisory and management fees | 2017-12-31 | $754,915 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $270,732,115 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $234,883,223 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $481,209 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $481,209 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $34,791,717 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Employer contributions (assets) at end of year | 2017-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $12,238,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $15,361,789 |
Did the plan have assets held for investment | 2017-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | PRICEWATERHOUSECOOPERS LLP |
Accountancy firm EIN | 2017-12-31 | 134008324 |
2018: NYU LUTHERAN MEDICAL CENTER DEFINED BENEFIT RETIREMENT PLAN 2018 form 5500 responses | ||
---|---|---|
2018-01-01 | Type of plan entity | Single employer plan |
2018-01-01 | Submission has been amended | Yes |
2018-01-01 | This submission is the final filing | No |
2018-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2018-01-01 | Plan is a collectively bargained plan | No |
2018-01-01 | Plan funding arrangement – Trust | Yes |
2018-01-01 | Plan benefit arrangement - Trust | Yes |
2017: NYU LUTHERAN MEDICAL CENTER DEFINED BENEFIT RETIREMENT PLAN 2017 form 5500 responses | ||
2017-01-01 | Type of plan entity | Single employer plan |
2017-01-01 | Submission has been amended | Yes |
2017-01-01 | This submission is the final filing | No |
2017-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2017-01-01 | Plan is a collectively bargained plan | No |
2017-01-01 | Plan funding arrangement – Trust | Yes |
2017-01-01 | Plan benefit arrangement - Trust | Yes |