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Retirement plan

NEW JERSEY HEALTH CARE EMPLOYERS- PENSION PLAN

DISTRICT 1199J-NEW JERSEY HEALTH CARE EMPLOYERS-dba PENSION PLANEIN 22-3095464Plan #001PY 2016
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9-25 ALLING STREET - NEWARK, NJ 07102973-242-7505LinkedIn5001-10000 employeesinsurance
Other plans on this EIN
1 filing
#002Retirement-$988K assets
Prospect flagsHigh retiree %Low employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(973) 242-7505
How to read this page

Summary metrics

Total assets (EOY)
$286.9M
-2.3% from 2016
Total participants
9,520
-1.5% from 2016
Average account balance
$0
No prior year
Annual return
9.50%
-10.00 pp from 2016

Benchmarks

See 171 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants1,000-4,999
Cohort171 peers
Snapshot2016
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$2,663
median $8,828
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $381,942,733
Admin fee / account holder
$0
median $2,655,710
Annual return
9.50%
median 6.71%
Overall peer rank
50th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$254.82M
Average account balance
Total assets / participants with a balance (line 6g)
$26K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7,103
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$12.89M
Contributions per participant
Average employer and participant contribution per enrolled participant
$5K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+7.26%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 28 by compensation
ProviderService typeCompensation
MILLIMAN INC2+ years
Service code 11 · EIN 91-0675641
Actuarial
$186,503
GRAY CO GLOBAL ADVISORS2+ years
Service code 27 · EIN 58-2116514
Advisory (Plan)
$151,563
TIBURON CAPITAL MANAGEMENT2+ years
Service code 28 · EIN 27-1236512
Investment Management
$144,411
CHANNING CAPITAL MANAGEMENT LLC1 year
Service code 28 · EIN 20-0626809
Investment Management
$107,454
MORNINGSIDE ASSET MANAGEMENT LLC1 year
Service code 28 · EIN 47-4122178
Investment Management
$99,789
PRECIOSA LAVRADOR2+ years
Service code 30 · EIN 22-3095464
Employee (plan); Direct payment from ...
$98,543
BARBARA SMALL2+ years
Service code 30 · EIN 22-3095464
Employee (plan); Direct payment from ...
$84,176
BANK OF NEW YORK MELLON2+ years
Service code 19 · EIN 13-5160382
Securities Custodian
$83,530
OXFELD COHEN1 year
Service code 29 · EIN 01-0725849
Legal
$76,419
JERRY VITA2+ years
Service code 30 · EIN 22-3095464
Employee (plan); Direct payment from ...
$75,977

Enrolled actuary

1 attachment
MB

VICTOR P. HARTE

MILLIMAN
Enrollment #1404649
150 CLOVE ROAD, 10TH FLOOR
LITTLE FALLS, NJ 07424
(973) 278-8860
Signed 2017-10-09

Plan features & details

Pension benefit codes1A
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

Opportunity flags

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$2.8M
$983 / participant
  • Investment mgmt$711K25.3%
  • Other / not subdivided$2M74.7%
% of EOY assets
0.981%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
NOVAK FRANCELLA LLC
Auditor EIN
611436956
Audit fees
(not subdivided)
Opinion code
Unqualified