# Saint Barnabas Pension Plan

Saint Barnabas Pension Plan is a Pension Fund based in Oceanport, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Oceanport, United States
- **Region:** North America
- **Address:** Oceanport, NJ, United States
- **Assets under management:** Undisclosed
- **Website:** http://www.barnabashealth.org

## Regulatory record

- **Reports private funds:** No

## About

The Saint Barnabas Pension Plan is a non-contributory defined benefit plan serving employees of Barnabas Health, a core component of the RWJBarnabas Health system. The plan was established to provide annual pension benefits, reflecting the system's long-standing commitment to its workforce. RWJBarnabas Health formed in 2016 from the merger of the Saint Barnabas Health Care System and the Robert Wood Johnson Health System, creating a network that now comprises twelve acute-care hospitals and numerous outpatient facilities across New Jersey. The plan's portfolio is managed with a conventional pension fund structure, prioritizing a mix of fixed income, public equities, and alternative assets to match long-duration liabilities. While specific asset-class weights and individual holdings are not publicly disclosed, comparable single-employer healthcare pensions typically allocate across domestic and international equities, corporate and government bonds, private equity, and real estate. Investment decisions are overseen by the health system's board and investment committee, which retains external consultants and managers for specific mandates. The geographic focus is domestic, anchored by the system's operations in New Jersey. The plan's scale is not publicly reported, but RWJBarnabas Health is a major economic engine in the region, employing over 38,000 people (per the system's official communications). The pension plan sits alongside other system obligations, including a robust philanthropic foundation that channels donor funds into hospital programs and capital projects. The plan's structural character is defined by its single-employer, non-union nature within a consolidated health system. Unlike multi-employer or state-wide public funds, it operates with a narrow liability pool tied to one institution, simplifying actuarial assumptions and funding policy. As a non-contributory plan, all contributions come from the employer, making the health system's operating performance the sole funding source — a governance model that concentrates fiduciary accountability within RWJBarnabas Health's finance leadership.

## Sectors

- Healthcare Services

## Questions

### What entity sponsors the Saint Barnabas Pension Plan?

The plan is sponsored by Barnabas Health, which merged with the Robert Wood Johnson Health System in 2016 to form RWJBarnabas Health. This makes it a single-employer pension plan within one of New Jersey's largest non-profit hospital networks, which employs over 38,000 people.

### Is this a public or private pension fund?

It is a private, single-employer non-contributory defined benefit plan, not part of any state or municipal public pension system. All contributions are made by the employer, and benefits are owed only to eligible employees of the Barnabas Health entities within RWJBarnabas Health.

### Does the plan publicly report its funded status?

The plan's funded ratio and detailed actuarial reports are not publicly disclosed as a matter of routine. As a private plan subject to ERISA, it files Form 5500 with the Department of Labor, which contains limited data on assets and liabilities, but granular investment holdings remain confidential.

### What is the relationship between the pension plan and RWJBarnabas Health's foundation?

The pension plan and the foundation are separate legal entities serving different purposes. The RWJBarnabas Health Foundation raises philanthropic funds for patient care, research, and capital projects, while the pension plan is a tax-qualified employee benefit trust managed for the exclusive purpose of paying retirement benefits.

## Related profiles

- [Sainsbury's Pension Scheme](https://altss.com/profile/sainsbury-s)
- [Saint Francis University Endowment](https://altss.com/profile/saint-francis-university-endowment)

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

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