# Hackensack Meridian Health Defined Benefit Plan

Hackensack Meridian Health Defined Benefit Plan is a Pension Fund based in Edison, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Edison, United States
- **Region:** North America
- **Address:** Edison, NJ, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** https://hackensackmeridianhealth.org
- **LinkedIn:** https://www.linkedin.com/company/hackensackmeridianhealth

## Regulatory record

- **Reports private funds:** No

## About

Hackensack Meridian Health's Defined Benefit Plan operates as the pension vehicle for New Jersey's largest integrated health system, which formed from the 2016 merger of Hackensack University Health Network and Meridian Health. The plan funds retirement obligations for thousands of health system employees. Since 2020, Senior Vice President and Chief Investment Officer Donna Snider has run the in-house investment office. Board leadership includes Keith Banks, Vice Chair at Bank of America, who serves as Chair of the Board of Trustees, and Robert C. Garrett, CEO of the health system. The portfolio allocates across a broad institutional mix. Public filings and Altss research point to exposure across alternative investments, common collective trusts, and direct real estate. One tangible holding is Hackensack Meridian Vitality Suites, a commercial wellness facility located at American Dream Mall in East Rutherford, New Jersey. The plan also maintains an Airbus H135 air medical helicopter — an unusual hard asset on a pension balance sheet. Team size and total AUM remain undisclosed. Snider's professional affiliations — including active participation in 100 Women in Finance and membership in Impact 100 Jersey Coast — indicate an investment office that operates with institutional peer connectivity. The plan sits within a health system that reported over $7 billion in annual revenue in recent years (public record), though the pension assets themselves are not broken out from the system's consolidated financials. The structural differentiator is the operational integration of a pension fund within an active health system that also owns commercial real estate and aviation assets. Unlike standalone public pension funds, this plan's investment office shares a balance sheet with an operating healthcare enterprise, which may influence liquidity needs, liability matching, and direct investment opportunities in healthcare-adjacent real assets.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds
- Alternative Investments

## People

- Donna L. Snider — Senior Vice President and Chief Investment Officer
- Keith Banks — Chair of the Board of Trustees
- Robert C. Garrett — CEO, Hackensack Meridian Health
- Domenic DiPiero — Treasurer of the Board

## Questions

### Who runs investment decisions at Hackensack Meridian Health's Defined Benefit Plan?

Donna Snider serves as Senior Vice President and Chief Investment Officer, having established the in-house investment office in 2020. She oversees the pension portfolio and reports to a Board of Trustees chaired by Keith Banks. Snider participates actively in institutional investor networks including 100 Women in Finance.

### How is Hackensack Meridian Health's pension plan structured relative to the health system?

The Defined Benefit Plan is a corporate pension fund operated within Hackensack Meridian Health, New Jersey's largest integrated health network. It is not a standalone public fund — it sits on the consolidated balance sheet of the health system, which generates over $7 billion in annual revenue. Investment management is handled in-house rather than outsourced to an OCIO.

### What is Hackensack Meridian Vitality Suites?

Hackensack Meridian Vitality Suites is a commercial health and wellness facility located at American Dream Mall in East Rutherford, New Jersey. It is held as a direct real asset by the pension plan, offering concierge medicine and longevity-focused services within a high-traffic retail and entertainment complex.

### Has the plan disclosed its total assets under management?

No. Hackensack Meridian Health does not publicly break out pension-specific AUM from its consolidated financial reporting. The health system itself reports over $7 billion in annual revenue, but the Defined Benefit Plan's standalone asset base remains undisclosed.

## Related profiles

- [Hackensack Meridian Health](https://altss.com/profile/hackensack-meridian-health)
- [Hackett Robertson Tobe Group](https://altss.com/profile/hackett-robertson-tobe-group)

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Last updated: 2026-08-11T02:43:31.692Z

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