Retirement plan
NEW JERSEY HEALTH CARE EMPLOYERS- PENSION PLAN
DISTRICT 1199J-NEW JERSEY HEALTH CARE EMPLOYERS-dba PENSION PLANEIN 22-3095464Plan #001PY 2019
Other plans on this EIN
1 filingProspect flagsHigh retiree %Low employer contribution
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$273.8M
-2.3% from 2016
Total participants
9,396
-1.5% from 2016
Average account balance
$0
No prior year
Annual return
10.95%
-10.00 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants1,000-4,999
Cohort152 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $0
13
Employer contribution / active EE
$3,185
median $9,495
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $341,093,897
0
Admin fee / account holder
$0
median $1,551,325
30
Annual return
10.95%
median 15.69%
Overall peer rank
22of 100
22nd 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 33 by compensation
| Provider | Service type | Compensation |
|---|---|---|
NEPC, LLC2 years Service code 28 · EIN 26-1429809 | Investment Management | $144,139 |
MILLIMAN INC5+ years Service code 11 · EIN 91-0675641 | Actuarial | $139,819 |
BANK OF NEW YORK MELLON5+ years Service code 19 · EIN 13-5160382 | Securities Custodian | $137,510 |
OXFELD COHEN PC3 years Service code 29 · EIN 01-0725849 | Legal | $126,873 |
PRECIOSA LAVRADOR5+ years Service code 30 · EIN 22-3095464 | Employee (plan); Direct payment from ... | $116,797 |
Service code 28 · EIN 13-3863161 | Investment Management | $100,828 |
Service code 28 · EIN 20-0626809 | Investment Management | $97,169 |
Service code 28 · EIN 13-3725888 | Investment Management | $93,597 |
Service code 28 · EIN 47-4122178 | Investment Management | $91,879 |
BARBARA SMALL5+ years Service code 30 · EIN 22-3095464 | Direct payment from the plan; Employe... | $87,499 |
Enrolled actuary
1 attachment
MB
VICTOR P. HARTE
MILLIMAN
Enrollment #2004649
150 CLOVE ROAD, 10TH FLOOR
LITTLE FALLS, NJ 07424
(973) 278-8860
Signed 2020-10-06
Plan features & details
Pension benefit codes1A
Plan features
- 1ABenefits are primarily pay relatedBenefits 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
$3.0M
$1068 / participant
- Investment mgmt$786K26.1%
- Other / not subdivided$2M73.9%
% of EOY assets
1.101%
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