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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 2017
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9-25 ALLING STREET - NEWARK, NJ 07102973-242-7505LinkedIn5001-10000 employeesinsurance
Other plans on this EIN
1 filing
#002Retirement-$1.1M assets
Prospect flagsHigh retiree %Low returnsLow 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)
$296.5M
-2.3% from 2016
Total participants
9,289
-1.5% from 2016
Average account balance
$0
No prior year
Annual return
9.99%
-10.00 pp from 2016

Benchmarks

See 171 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants1,000-4,999
Cohort171 peers
Snapshot2017
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$2,726
median $10,928
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
9.99%
median 12.92%
Overall peer rank
12th 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 26 by compensation
ProviderService typeCompensation
MILLIMAN INC3+ years
Service code 11 · EIN 91-0675641
Actuarial
$187,905
CHANNING CAPITAL MANAGEMENT LLC2 years
Service code 28 · EIN 20-0626809
Investment Management
$139,464
MORNINGSIDE ASSET MANAGEMENT LLC2 years
Service code 28 · EIN 47-4122178
Investment Management
$136,449
CONSEQUENT CAPITAL MANAGEMENT LLC1 year
Service code 27
350 HUDSON STREET, STE 300 · NEW YORK, NY 10014
Advisory (Plan)
$133,842
BANK OF NEW YORK MELLON3+ years
Service code 19 · EIN 13-5160382
Securities Custodian
$109,394
PRECIOSA LAVRADOR3+ years
Service code 30 · EIN 22-3095464
Direct payment from the plan; Employe...
$104,171
BARBARA SMALL3+ years
Service code 30 · EIN 22-3095464
Employee (plan); Direct payment from ...
$87,477
HARDMAN JOHNSTON GLOBAL ADVISORS LL1 year
Service code 28 · EIN 13-3257590
Investment Management
$81,347
OXFELD COHEN PC1 year
Service code 29 · EIN 01-0725849
Legal
$76,697
JERRY VITA3+ years
Service code 30 · EIN 22-3095464
Direct payment from the plan; Employe...
$76,249

Enrolled actuary

1 attachment
MB

VICTOR P. HARTE

MILLIMAN
Enrollment #1704649
150 CLOVE ROAD, 10TH FLOOR
LITTLE FALLS, NJ 07424
(973) 278-8860
Signed 2018-10-03

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

3 tripped
  • OpportunityLow employer contribution

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

  • OpportunityLow returns

    Annual investment return 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
$2.9M
$1032 / participant
  • Investment mgmt$687K23.8%
  • Other / not subdivided$2M76.2%
% of EOY assets
0.973%
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