Retirement plan

403(B) THRIFT PLAN OF CAREGIVERS OF NEW JERSEY, INC.

Name: CAREGIVERS OF NEW JERSEY, INC. - 403(B) THRIFT PLAN OF CAREGIVERS OF NEW JERSEY, INC. (2020) Form 5500
Creator: CAREGIVERS OF NEW JERSEY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF CAREGIVERS OF NEW JERSEY, INC., CAREGIVERS OF NEW JERSEY, INC.

CAREGIVERS OF NEW JERSEY, INC.EIN 13-4205044Plan #001PY 2020

50 MILLSTONE RD STE 201 - EAST WINDSOR, NJ 085201415609-392-4900njcaregivers.orgLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$663K

-24.1% from 2019

Total participants

-1.9% from 2019

Average account balance

$14,107

-24.1% from 2019

Annual return

9.25%

-14.33 pp from 2019

Benchmarks

See 8,769 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,769 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$541K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$12K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

123.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.56%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$311

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

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 codes2F2G2T

Plan features

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.
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.

Opportunity flags

2 tripped

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

$343K

$8571 / participant

Other / not subdivided$343K100.0%

% of EOY assets

51.710%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,107

$60,128-76.5%

$90,440-84.4%

$79,852-82.3%

Participation rate

90.0%

65.0%+25.0pp

72.7%+17.3pp

69.6%+20.4pp

Annual return

9.25%

71.95%-62.7pp

1294.38%-1285.1pp

31.72%-22.5pp

Employer contribution / active EE

$360

$2,068-82.6%

$3,263-89.0%

$2,471-85.4%

Participant deferral / active EE

$935

$2,939-68.2%

$3,964-76.4%

$3,740-75.0%

Admin fee / account holder

$7,295

$3,977+83.4%

$5,615+29.9%

$5,306+37.5%

403(B) THRIFT PLAN OF CAREGIVERS OF NEW JERSEY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF CAREGIVERS OF NEW JERSEY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion