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 (2024) 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 2024

2003 US ROUTE 130, SUITE A - NORTH BRUNSWICK, NJ 08902732-297-3900

Other plans on this EIN

1 filing

#002Retirement-$15.0M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$337.5M

+4.3% from 2017

Total participants

1,420

+6.9% from 2017

Average account balance

No prior year

Annual return

9.45%

-12.29 pp from 2017

Benchmarks

See 73 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined benefit

Participants25-99

Cohort73 peers

Snapshot2024

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 23 by compensation

Provider	Service type	Compensation
GREAT LAKES ADVISORS, LLC4 years Service code 28 · EIN 80-0292839	Investment Management	$243,296
LOOMIS SAYLES5 years Filed as: LOOMIS SAYLES TRUST COMPANY Service code 28 · EIN 20-8080381	Investment Management	$236,780
SLEVIN & HART, P.C.9+ years Service code 29 · EIN 52-1708613	Legal	$98,227
AMALGAMATED BANK3 years Service code 19 · EIN 13-4920330	Securities Custodian	$92,228
KENNETH RYAN6 years Filed as: KENNETH CARR Service code 30 · EIN 13-6043977	Direct payment from the plan; Employe...	$90,972
FIDELITY INVESTMENTS INSTITUTIONAL7 years Filed as: FIDELITY INSTITUTIONAL ASSET MGMT. Service code 28 · EIN 04-3532603	Investment Management	$85,748
NEPC, LLC8 years Service code 27 · EIN 26-1429809	Advisory (Plan)	$82,719
GIANCARLO PREZIOSO9+ years Service code 30 · EIN 13-6043977	Direct payment from the plan; Employe...	$76,172
FIRST ACTUARIAL CONSULTING, INC.9+ years Service code 11 · EIN 26-3842522	Actuarial	$73,476
PAUL A. MONTALBANO, ESQ., LLC9+ years Service code 29 · EIN 04-3669184	Legal	$69,395

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

$30524 / participant

Recordkeeping$8K0.4%
Trustee / custodial$92K4.8%
Investment mgmt$726K37.7%
Legal$238K12.4%
Actuarial$73K3.8%
Salaries / allowances$267K13.9%
Other / not subdivided$519K27.0%

% of EOY assets

0.570%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MSPC CERTIFIED PUBLIC ACCOUNTANTS &
Auditor EIN: 222951202
Audit fees: $29,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,198-100.0%

$124,814-100.0%

$52,198-100.0%

Participation rate

0.0%

0.0%0pp

22.2%-22.2pp

11.0%-11.0pp

Annual return

9.45%

11.79%-2.3pp

10.53%-1.1pp

8.21%+1.2pp

Employer contribution / active EE

$40,097

$19,735+103.2%

$26,797+49.6%

$13,841+189.7%

Participant deferral / active EE

$28-100.0%

$122-100.0%

$62-100.0%

Admin fee / account holder

$1,652-100.0%

$129-100.0%

$1,652-100.0%

Provider

Service type

Compensation

GREAT LAKES ADVISORS, LLC4 years

Service code 28 · EIN 80-0292839

Investment Management

$243,296

LOOMIS SAYLES5 years

Filed as: LOOMIS SAYLES TRUST COMPANY

Service code 28 · EIN 20-8080381

Investment Management

$236,780

SLEVIN & HART, P.C.9+ years

Service code 29 · EIN 52-1708613

Legal

$98,227

AMALGAMATED BANK3 years

Service code 19 · EIN 13-4920330

Securities Custodian

$92,228

KENNETH RYAN6 years

Filed as: KENNETH CARR

Service code 30 · EIN 13-6043977

Direct payment from the plan; Employe...

$90,972

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Filed as: FIDELITY INSTITUTIONAL ASSET MGMT.

Service code 28 · EIN 04-3532603

Investment Management

$85,748

NEPC, LLC8 years

Service code 27 · EIN 26-1429809

Advisory (Plan)

$82,719

GIANCARLO PREZIOSO9+ years

Service code 30 · EIN 13-6043977

Direct payment from the plan; Employe...

$76,172

FIRST ACTUARIAL CONSULTING, INC.9+ years

Service code 11 · EIN 26-3842522

Actuarial

$73,476

PAUL A. MONTALBANO, ESQ., LLC9+ years

Service code 29 · EIN 04-3669184

Legal

$69,395

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