Northwell Health Employee Benefit: 401K Plan | Glassdoor

Northwell Health 401K Plan

Updated Aug 11, 2017

122 employees reported this benefit


Employer Summary

We offer ways to help:

  • Cash Balance Plan: after one year of service, Northwell automatically begins to contribute 3% of eligible pay. 100% vesting after three years of service working a minimum of 975 hours per year.
  • 403(b)/401(k): if you are a staff-level employee, Northwell will automatically contribute 3%, with the opportunity to receive an additional 2% match based on employee contributions. 100% vested after 6 years of service.
  • 475(b): available to director-level employees and higher, with minimum salary requirements. Employee-funded contributions up to $18,000 per year.
  • If employee is contribution 6% of their salary towards retirement, the total Northwell contribution is 8%!

Union employees will receive benefits based on their CBA.

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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 14
  • Jul 09, 2018
    StarStarStarStarStar Current Employee in New York, New York State

    not applicable, currently offers 403b

  • Jan 03, 2017
    StarStarStarStarStar Current Employee in Lake Success, New York State

    It is available; seems good.

  • Dec 02, 2016
    StarStarStarStarStar Current Director in New Hyde Park, New York State

    Matched and vested at 6years.

  • Nov 20, 2016
    StarStarStarStarStar Current Employee in North New Hyde Park, New York State

    5% much to 6% contribution from salary.

  • Oct 10, 2016
    StarStarStarStarStar Current Pharmacist in Great Neck, New York State

    They put money in automatically for you and will match you up to 6%

  • Sep 21, 2016

    They match up to 6% of your contributions

  • Sep 16, 2016
    StarStarStarStarStar Current Registered Nurse in New York, New York State

    It's an average 403B matching plan

  • Apr 19, 2016
    StarStarStarStarStar Current Employee in New York, New York State

    i signed up online the first day and the website was not clear and i actually set up a large amount to be taken from my paycheck.

  • Mar 22, 2016
    StarStarStarStarStar Former Physician Liaison in New York, New York State

    Northwell makes a basic contribution as well as a match

  • Mar 10, 2016
    StarStarStarStarStar Current Employee in Melville, New York State

    403b plan offers terrible options to pick from, but at least I have a retirement fund. They also do not provide any assistance in making educated decisions on what to invest in. One of my last jobs offered an advisory service which provided great insight into the funds available and assisted all employees in making more money.

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