Connecticut › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Yale-New Haven Hospital Cash Account Pension Plan
Sponsored by Yale-New Haven Hospital, Inc., New Haven, CT
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Yale-New Haven Hospital, Inc. of New Haven, Connecticut sponsors Yale-New Haven Hospital Cash Account Pension Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 30 Nov 2025 shows 20,579 participants (15,258 active) and $538M in net assets.
Net assets came to $26,143 per participant, well below the $87,332 median for defined benefit plans with 5,000 to 24,999 participants and well below the $61,772 median for defined benefit plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $10.0M for the year ($655 per active participant) and benefits paid were $38.2M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $1.7M: $83.47 per participant, well below the same-size median of $233. Administrative expenses charged to the plan were $6.7M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $240M in 2009 to $538M in 2024 (up 125%), and participants from 9,177 to 20,579 (up 124%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $26,143 | $87,332 | $61,772 | $86,073 |
| Employer contributions per active participant | $655 | $9,482 | $7,486 | $10,170 |
| Schedule C compensation per participant | $83.47 | $233 | $246 | $344 |
| Schedule C compensation, share of net assets | 0.32% | 0.30% | 0.39% | 0.43% |
| Administrative expenses per participant | $326 | $397 | $429 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (660 plans), health care and social assistance (545) and all US plans (5,366). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 20,579 | $538M | $26,143 | $10.0M | — | $1.7M |
| 2023 | 21,980 | $538M | $24,487 | $10.1M | — | $410K |
| 2022 | 21,247 | $504M | $23,736 | $7.5M | — | $223K |
| 2021 | 20,596 | $528M | $25,655 | $800K | — | $540K |
| 2020 | 20,198 | $616M | $30,477 | — | — | $695K |
| 2019 | 19,304 | $574M | $29,721 | $11.4M | — | $693K |
| 2018 | 19,006 | $537M | $28,270 | $18.0M | — | $719K |
| 2017 | 18,207 | $489M | $26,860 | $33.7M | — | $1.4M |
| 2016 | 17,358 | $488M | $28,137 | $26.0M | — | $1.6M |
| 2015 | 16,327 | $421M | $25,810 | $54.7M | — | $1.4M |
| 2014 | 15,862 | $379M | $23,923 | $34.6M | — | $937K |
| 2013 | 15,175 | $378M | $24,894 | $43.9M | — | $1.2M |
| 2012 | 14,421 | $345M | $23,896 | $49.2M | — | $1.1M |
| 2011 | 10,163 | $287M | $28,220 | $39.9M | — | $888K |
| 2010 | 10,080 | $251M | $24,888 | $20.4M | — | $687K |
| 2009 | 9,177 | $240M | $26,112 | $11.0M | — | $666K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$538,232,817
- Employer contributions$10,000,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$10,000,000
- Total income, including investment results$44,684,970
- Benefits paid$38,207,246
- Administrative expenses$6,714,225
- Total expenses$44,921,471
- Net income−$236,501
- Net transfers$0
- Net assets, end of year$537,996,316
Participants
- Active participants15,258
- Retired or separated, receiving benefits897
- Retired or separated, entitled to future benefits4,297
- Total participants, end of year20,579
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Towers Watson, Delaware Inc. | Actuarial | $1,230,338 | $0 |
| MetLife Inc. | Investment management | $282,165 | $0 |
| The Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $100,217 | $0 |
| Nisa Investment Advisors LLC | Investment management | $94,355 | $0 |
| Mercer (US), Inc. | Actuarial | $10,652 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$4,737,047
- Actuarial fees$1,240,989
- Investment advisory and management fees$736,189
- Total administrative expenses$6,714,225
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$535M · 98.2%
- Receivables$10.0M · 1.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBaker Tilly US, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1CCash balance or similar plan1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 622000: Hospitals.
Other plans of Yale-New Haven Hospital, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Yale-New Haven Hospital and Tax-Exempt Affliliates Retirement Savings Plan | 31,516 | $1.07B |
| Yale-New Haven Hospital and Tax Exempt Affiliates Tax Sheltered Annuity Plan | 31,139 | $2.31B |
Similar plans in Connecticut
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| New England Health Care Employees Pension Plan | Board of Trustees-New England Health Care Employees Pension Fund | 21,117 | $1.01B | $47,624 |
| Hartford Healthcare Pension Plan | Hartford Healthcare Corporation | 14,109 | $1.81B | $128,176 |
| Western Connecticut Health Network Pension Plan | Western Connecticut Health Network, Inc. | 8,631 | $922M | $106,819 |
| Yale New Haven Health System Pension Plan | Yale New Haven Health Services Corporation | 5,567 | $513M | $92,236 |
| Vassar Brothers Hospital Pension Plan | Vassar Brothers Hospital | 1,743 | $139M | $79,479 |
| Eastern Connecticut Health Network, Inc. Pension Plan | Prospect Echn, Inc. | 1,527 | $74.2M | $48,570 |
Defined benefit plans in health care and social assistance closest in size.
Questions and answers
How big is Yale-New Haven Hospital Cash Account Pension Plan?
20,579 participants at the end of the plan year ending 30 Nov 2025, of whom 15,258 were active employees, with net assets of $537,996,316. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 660 plans in plan year 2024.
What does Yale-New Haven Hospital, Inc. contribute per participant?
The filing reports $10,000,000 in employer contributions for the year, which is $655 per active participant; the median for plans of the same type and size was $9,482 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $1,717,727 in compensation to service provider organisations, $83.47 per participant or 0.32% of net assets. The same-size median among plans reporting any Schedule C compensation was $233 per participant. Administrative expenses on Schedule H were $6,714,225. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Yale-New Haven Hospital, Inc.. Investment advisory or management: MetLife Inc. and Nisa Investment Advisors LLC. Trustee or custodian: The Northern Trust Company. The financial statements were audited by Baker Tilly US, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 15 Sep 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Sep 2026. This page shows the latest filing on record for EIN 06-0646652, plan 001, received 15 Sep 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.