New York › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Nyu Langone Hospitals Retirement Plan
Sponsored by Nyu Langone Hospitals, New York, NY
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.
Nyu Langone Hospitals Retirement Plan is a defined benefit pension plan sponsored by Nyu Langone Hospitals of New York, New York. For the plan year ending 31 Dec 2024 it reported 13,622 participants, 2,578 of them active, and net assets of $1.47B.
Net assets came to $107,692 per participant, above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $62,049 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 $63.8M for the year ($24,748 per active participant) and benefits paid were $82.5M. 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 9 service provider organisations paid $5,000 or more, with reported compensation of $3.5M: $259 per participant, above the same-size median of $232. Administrative expenses charged to the plan were $14.3M. 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 $227M in 2009 to $1.47B in 2024 (up 545%), and participants from 4,349 to 13,622 (up 213%).
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 | $107,692 | $87,623 | $62,049 | $86,221 |
| Employer contributions per active participant | $24,748 | $9,468 | $7,491 | $10,244 |
| Schedule C compensation per participant | $259 | $232 | $248 | $344 |
| Schedule C compensation, share of net assets | 0.24% | 0.30% | 0.39% | 0.42% |
| Administrative expenses per participant | $1,050 | $396 | $427 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), health care and social assistance (542) and all US plans (5,308). 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 | 13,622 | $1.47B | $107,692 | $63.8M | — | $3.5M |
| 2023 | 13,766 | $1.38B | $100,387 | $45.4M | — | $4.2M |
| 2022 | 13,544 | $1.24B | $91,441 | — | — | $4.1M |
| 2021 | 13,991 | $1.66B | $118,685 | $6.8M | — | $5.1M |
| 2020 | 14,104 | $1.60B | $113,477 | $23.0M | — | $3.9M |
| 2019 | 3,804 | $1.46B | $383,958 | $10.1M | — | $596K |
| 2018 | 3,817 | $363M | $95,078 | $15.2M | — | $621K |
| 2017 | 3,852 | $391M | $101,546 | $1.9M | — | $472K |
| 2016 | 3,882 | $354M | $91,187 | $17.0M | — | $390K |
| 2015 | 3,923 | $331M | $84,288 | — | — | $704K |
| 2014 | 3,961 | $351M | $88,578 | $10.0M | — | $473K |
| 2013 | 4,135 | $336M | $81,280 | $14.9M | — | $1.6M |
| 2012 | 4,191 | $291M | $69,445 | — | — | $1.7M |
| 2011 | 4,275 | $271M | $63,377 | $14.8M | — | $2.8M |
| 2010 | 4,286 | $268M | $62,637 | $23.6M | — | $1.6M |
| 2009 | 4,349 | $227M | $52,284 | $31.2M | — | $724K |
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$1,381,931,643
- Employer contributions$63,800,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$63,800,000
- Total income, including investment results$181,874,083
- Benefits paid$82,524,155
- Administrative expenses$14,300,390
- Total expenses$96,824,545
- Net income$85,049,538
- Net transfers$0
- Net assets, end of year$1,466,981,181
Participants
- Active participants2,578
- Retired or separated, receiving benefits5,853
- Retired or separated, entitled to future benefits4,519
- Total participants, end of year13,622
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Conduent HR Services | Contract Administrator | $907,865 | $0 |
| Cambridge Associates LLC | Investment advisory (participants); Investment advisory (plan) | $666,662 | $0 |
| JP Morgan Chase Bank, N.A. | Trustee (bank, trust company, or similar financial institution); Investment management; Securities brokerage | $418,191 | $53,071 |
| Silchester | Investment management | $440,580 | $0 |
| Comerica | Investment management | $414,382 | $0 |
| Income Research and Management | Investment management | $373,883 | $0 |
| Buck Global LLC | Actuarial | $219,707 | $0 |
| Forvis Mazars, LLP | Accounting (including auditing) | $22,900 | $0 |
| Deloitte Tax LLP | Accounting (including auditing) | $5,402 | $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$10,830,817
- Investment advisory and management fees$1,895,508
- Contract administrator fees$907,865
- Trustee and custodial fees$418,191
- Actuarial fees$219,707
- IQPA audit fees$28,302
- Total administrative expenses$14,300,390
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.
- Registered investment companies (mutual funds)$940M · 64.0%
- Corporate debt instruments$264M · 18.0%
- Common/collective trusts$156M · 10.6%
- Cash (interest and non-interest bearing)$54.1M · 3.7%
- Receivables$39.5M · 2.7%
- U.S. Government securities$14.3M · 1.0%
- Other investments$238K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmForvis Mazars, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $15,000,000
- 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
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 622000: Hospitals.
Other plans of Nyu Langone Hospitals
| Plan | Participants | Net assets |
|---|---|---|
| Nyu Langone Health 403(b) Plan | 48,046 | $3.59B |
| Nyu Langone Hospital-Long Island 403(b) Plan | 9,639 | $544M |
| Lutheran Medical Center 401(k) Retirement Plan | 2,174 | $239M |
| Nyu Langone Hospital-Brooklyn Uft Retirement Plan | 1,850 | $212M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Retirement Plan for Employees of Uja-Federation | United Jewish Appeal-Federation of Jewish Philanthropies of NY | 13,750 | $577M | $41,938 |
| The Albany Medical Center Retirement Plan | Albany Med Health System | 13,571 | $290M | $21,344 |
| Nurses and Local 813 Ibt Retirement Plan | Board of Trustees of Nurses and Local 813 Ibt Retirement Plan | 13,994 | $613M | $43,787 |
| 1199 SEIU Regional Pension Fund | Trustees of 1199 SEIU Regional Pension Fund | 13,121 | $232M | $17,647 |
| Rochester General Health System Employee Retirement Plan | Rochester General Health System | 15,575 | $714M | $45,846 |
| Kaleida Health Pension Growth Plan | Kaleida Health Corporate Benefits | 10,654 | $852M | $79,955 |
Defined benefit plans in health care and social assistance closest in size.
Questions and answers
How big is Nyu Langone Hospitals Retirement Plan?
13,622 participants at the end of the plan year ending 31 Dec 2024, of whom 2,578 were active employees, with net assets of $1,466,981,181. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Nyu Langone Hospitals contribute per participant?
The filing reports $63,800,000 in employer contributions for the year, which is $24,748 per active participant; the median for plans of the same type and size was $9,468 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 $3,522,643 in compensation to service provider organisations, $259 per participant or 0.24% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $14,300,390. 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 Nyu Langone Hospitals. Recordkeeping or administration: Conduent HR Services. Investment advisory or management: Cambridge Associates LLC, JP Morgan Chase Bank, N.A. and Silchester. Trustee or custodian: JP Morgan Chase Bank, N.A.. The financial statements were audited by Forvis Mazars, 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 13 Oct 2025. 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 Aug 2026. This page shows the latest filing on record for EIN 13-3971298, plan 004, received 13 Oct 2025; 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.