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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 2022
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9-25 ALLING STREET - NEWARK, NJ 071020000973-242-7505LinkedIn5001-10000 employeesinsurance
Other plans on this EIN
1 filing
#002Retirement-$888K assets
Prospect flagsHigh retiree %

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)
$241.5M
-2.3% from 2016
Total participants
9,231
-1.5% from 2016
Average account balance
$0
No prior year
Annual return
-16.43%
-10.00 pp from 2016

Benchmarks

See 112 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort112 peers
Snapshot2022
Participant deferral / active EE
$0
median $212
Employer contribution / active EE
$4,777
median $5,024
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,456,633
Admin fee / account holder
$0
median $14,884
Annual return
-16.43%
median -16.07%
Overall peer rank
38th 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 30 by compensation
ProviderService typeCompensation
NEPC, LLC5 years
Service code 28 · EIN 26-1429809
Investment Management
$240,574
MILLIMAN INC8+ years
Service code 11 · EIN 91-0675641
Actuarial
$159,918
US BANK1 year
Service code 19 · EIN 31-0841368
Securities Custodian
$150,238
PRECIOSA LAVRADOR8+ years
Service code 30 · EIN 22-3095464
Direct payment from the plan; Employe...
$143,889
DAVIDSON KEMPNER CAPITAL MGMT LP5 years
Service code 28 · EIN 13-3863161
Investment Management
$142,574
ANA SILVA8+ years
Service code 30 · EIN 22-3095464
Direct payment from the plan; Employe...
$82,143
CHANNING CAPITAL MANAGEMENT LLC7 years
Service code 28 · EIN 20-0626809
Investment Management
$81,709
JERRY VITA8+ years
Service code 30 · EIN 22-3095464
Direct payment from the plan; Employe...
$81,290
OXFELD COHEN PC6 years
Service code 29 · EIN 01-0725849
Legal
$76,464
BRIAN D. SULLIVAN LAW OFFICE2 years
Service code 29
17 CHESTNUT DRIVE · CHESTER, NJ 07930
Legal
$75,600

Enrolled actuary

1 attachment
MB

VICTOR P. HARTE

MILLIMAN
Enrollment #2304649
150 CLOVE ROAD, 8TH FLOOR
LITTLE FALLS, NJ 07424
(973) 278-8860
Signed 2023-10-10

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 1
Loan in default
J CREW GROUP INC.—
770 BROADWAY
NEW YORK, NY 10003
—

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

1 tripped
  • 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
$2.7M
$1207 / participant
  • Investment mgmt$527K19.2%
  • Other / not subdivided$2M80.8%
% of EOY assets
1.135%
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