Retirement plan

DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS LOCAL 701 PENSION AND ANNUITY FUND

Name: DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS - DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS LOCAL 701 PENSION AND ANNUITY FUND (2023) Form 5500
Creator: DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS LOCAL 701 PENSION AND ANNUITY FUND, DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS

DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERSdba 701 PENSION AND ANNUITY FUNDEIN 13-6043977Plan #001PY 2023

2003 US ROUTE 130, SUITE A - NORTH BRUNSWICK, NJ 08902732-297-0194

Other plans on this EIN

1 filing

#002Retirement-$13.0M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$332M

+4.3% from 2017

Total participants

1,518

+6.9% from 2017

Average account balance

No prior year

Annual return

96.28%

-12.29 pp from 2017

Benchmarks

See 48 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined benefit

Participants100-249

Cohort48 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$331.43M

Not enough data

1 years with asset history on file

Average account balance

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

$245K

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.

1,292

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$40K

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

+5.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 34 by compensation

Provider	Service type	Compensation
LOOMIS SAYLES4 years Filed as: LOOMIS SAYLES TRUST COMPANY Service code 28 · EIN 20-8080381	Investment Management	$238,990
GREAT LAKES ADVISORS, LLC3 years Service code 28 · EIN 80-0292839	Investment Management	$225,311
TFUF ENTERPRISES, LLC2 years Service code 49 · EIN 22-3844739	Other Services	$143,750
INTERCONTINENTAL REAL ESTATE CORP7 years Filed as: INTERCONTINENTAL Service code 28 · EIN 04-2895544	Investment Management	$135,405
BERNZOTT CAPITAL ADVISORS4 years Service code 28 · EIN 77-0464710	Investment Management	$116,713
KENNETH RYAN5 years Filed as: KENNETH CARR Service code 30 · EIN 13-6043977	Employee (plan); Direct payment from ...	$109,281
D&D CONTRACTORS CORP.2 years Service code 50 · EIN 01-0769597	Direct Payment	$97,274
FIRST ACTUARIAL CONSULTING, INC.8+ years Service code 11 · EIN 26-3842522	Actuarial	$94,793
GIANCARLO PREZIOSO8+ years Service code 30 · EIN 13-6043977	Employee (plan); Direct payment from ...	$88,307
CROSSROADS FINANCIAL MANAGEMENT1 year Filed as: CROSSROADS PAVEMENT MAINTENANCE LLC Service code 49 79 FRANKLIN AVE · NUTLEY, NJ 07110	Other Services	$86,572

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

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

$1.9M

$11573 / participant

Investment mgmt$930K48.1%
Other / not subdivided$1M51.9%

% of EOY assets

0.582%

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: MSPC CPA'S AND ADVISORS, P.C
Auditor EIN: 222951202
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,425,075-100.0%

$7,193,366-100.0%

$9,556,684-100.0%

Participation rate

0.0%

0.0%0pp

16.7%-16.7pp

2.4%-2.4pp

Annual return

96.28%

11.98%+84.3pp

78.62%+17.7pp

22.81%+73.5pp

Employer contribution / active EE

$17,588

$19,973-11.9%

$31,646-44.4%

$18,290-3.8%

Participant deferral / active EE

$2,176-100.0%

$101-100.0%

$603-100.0%

Admin fee / account holder

$226,166-100.0%

$75,389-100.0%

$85,222-100.0%

Provider

Service type

Compensation

LOOMIS SAYLES4 years

Filed as: LOOMIS SAYLES TRUST COMPANY

Service code 28 · EIN 20-8080381

Investment Management

$238,990

GREAT LAKES ADVISORS, LLC3 years

Service code 28 · EIN 80-0292839

Investment Management

$225,311

TFUF ENTERPRISES, LLC2 years

Service code 49 · EIN 22-3844739

Other Services

$143,750

INTERCONTINENTAL REAL ESTATE CORP7 years

Filed as: INTERCONTINENTAL

Service code 28 · EIN 04-2895544

Investment Management

$135,405

BERNZOTT CAPITAL ADVISORS4 years

Service code 28 · EIN 77-0464710

Investment Management

$116,713

KENNETH RYAN5 years

Filed as: KENNETH CARR

Service code 30 · EIN 13-6043977

Employee (plan); Direct payment from ...

$109,281

D&D CONTRACTORS CORP.2 years

Service code 50 · EIN 01-0769597

Direct Payment

$97,274

FIRST ACTUARIAL CONSULTING, INC.8+ years

Service code 11 · EIN 26-3842522

Actuarial

$94,793

GIANCARLO PREZIOSO8+ years

Service code 30 · EIN 13-6043977

Employee (plan); Direct payment from ...

$88,307

CROSSROADS FINANCIAL MANAGEMENT1 year

Filed as: CROSSROADS PAVEMENT MAINTENANCE LLC

Service code 49

79 FRANKLIN AVE · NUTLEY, NJ 07110

Other Services

$86,572

DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS LOCAL 701 PENSION AND ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEFINED BENEFIT PLAN OF THE MID-JERSEY TRUCKING INDUSTRY AND TEAMSTERS LOCAL 701 PENSION AND ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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