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Retirement plan

DISTRICT 1199J NEW JERSEY HEAL 401 K PROFIT SHARING PLAN TRUST

DISTRICT 1199J NJ BENEFITEIN 22-3095464Plan #002PY 2017
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9-25 ALLING ST STE 4 - NEWARK, NJ 071025376973-242-4450LinkedIn5001-10000 employeesinsurance
Other plans on this EIN
1 filing
#001Retirement-$296.5M assets
Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(973) 242-4450
Plan administrator signer
BARBARA SMALL
Signed 04/02/2018
How to read this page

Summary metrics

Total assets (EOY)
$1.1M
-7.1% from 2016
Total participants
36
0.0% from 2016
Average account balance
$50,126
-7.1% from 2016
Annual return
5.21%
-0.86 pp from 2016

Benchmarks

See 7,574 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants25-99
Cohort7,574 peers
Snapshot2017
Participant deferral / active EE
$2,282
median $3,988
Employer contribution / active EE
$0
median $2,273
Participation rate
58.8%
median 90.7%
Avg account balance
$50,126
median $71,663
Admin fee / account holder
$665
median $2,601
Annual return
5.21%
median 16.36%
Overall peer rank
24th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.24M
Average account balance
Total assets / participants with a balance (line 6g)
$41K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
30
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
107.1%
Contributions (total)
Employer and participant dollars contributed each year
$76K
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.20%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$1062
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
Not enough data
0 years with F_SCH_H allocation on file

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

5 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow participant contribution

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

  • OpportunityLow employer contribution

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

  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$15K
$430 / participant
  • Other / not subdivided$15K100.0%
% of EOY assets
1.327%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
No opinion code on file for this filing.
Auditor firm
(not reported)
Auditor EIN
-
Audit fees
(not subdivided)
Opinion code
-