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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 2023
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9-25 ALLING STREET - NEWARK, NJ 071020000973-242-7505LinkedIn5001-10000 employeesinsurance
Other plans on this EIN
1 filing
#002Retirement-$1.0M 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)
$250M
-2.3% from 2016
Total participants
9,795
-1.5% from 2016
Average account balance
$0
No prior year
Annual return
9.16%
-10.00 pp from 2016

Benchmarks

See 100 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort100 peers
Snapshot2023
Participant deferral / active EE
$0
median $214
Employer contribution / active EE
$4,564
median $4,624
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $13,363
Admin fee / account holder
$0
median $125
Annual return
9.16%
median 9.85%
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 31 by compensation
ProviderService typeCompensation
NEPC, LLC6 years
Service code 28 · EIN 26-1429809
Investment Management
$276,242
MILLIMAN INC9+ years
Service code 11 · EIN 91-0675641
Actuarial
$127,660
US BANK2 years
Service code 19 · EIN 31-0841368
Securities Custodian
$95,555
PRECIOSA LAVRADOR9+ years
Service code 30 · EIN 22-3095464
Employee (plan); Direct payment from ...
$93,297
ANA SILVA9+ years
Service code 30 · EIN 22-3095464
Employee (plan); Direct payment from ...
$87,750
OXFELD COHEN PC7 years
Service code 29 · EIN 01-0725849
Legal
$76,404
BRIAN D. SULLIVAN LAW OFFICE3 years
Service code 29
17 CHESTNUT DRIVE · CHESTER, NJ 07930
Legal
$75,600
CHANNING CAPITAL MANAGEMENT LLC8 years
Service code 28 · EIN 20-0626809
Investment Management
$70,802
NOVAK FRANCELLA LLC8 years
Service code 10 · EIN 61-1436956
Accounting
$59,785
ELISA LOMBARDOZZI9+ years
Service code 30 · EIN 22-3095464
Direct payment from the plan; Employe...
$59,714

Enrolled actuary

1 attachment
MB

ABBY L. KENDIG

MILLIMAN
Enrollment #2307706
150 CLOVE ROAD, 8TH FLOOR
LITTLE FALLS, NJ 07424
(973) 278-8860
Signed 2024-10-10

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
$2.9M
$1076 / participant
  • Recordkeeping$41K1.4%
  • Trustee / custodial$96K3.3%
  • Investment mgmt$398K13.7%
  • Legal$174K6.0%
  • Actuarial$128K4.4%
  • Salaries / allowances$617K21.2%
  • Other trustee fees$21K0.7%
  • Other / not subdivided$1M49.3%
% of EOY assets
1.162%
all-in expense ratio
Categories reported
7 / 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
$29,000
Opinion code
Unqualified