North Shore–LIJ Health System^

Location Lake Success, New York
Asset Size >$1 billion
Number of Participants  >10,000
Business Health Care
Participation Rate96%
Avg Deferral Rate8.40%
Number of Funds17
Investment ReviewQuarterly
Fee ReviewAnnually
Fee EqualizationYes
Auto-Enrollment Rate3%
Auto-Escalation Rate 1%
Re-EnrollmentIn 2015
Default InvestmentTarget-date (index)
Ret Income OfferingNone
Vesting Period>5 years
Match Rate 33% of contribution up to maximum of 2%
% Receiving Full Match>50%–75%
True-Up MatchYes
  
Financial Education 
Saving/budgetingX
Investing strategiesX
College saving 
Credit/debt mgmtX
Tax/estate planning 
Retiree health costs/savings options 
  
ProviderTransamerica Retirement Solutions

^North Shore – LIJ Health Systems sponsors both 401(k) and 403(b) plans. Plan design/outcomes were reported to be similar, although the 403(b) plan is larger with more than $4B in assets.

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