Retirement plan

NEW JERSEY ASSOCIATION OF REALTORS 401(K) PROFIT SHARING PLAN

Name: NEW JERSEY ASSOCIATION OF REALTORS - NEW JERSEY ASSOCIATION OF REALTORS 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: NEW JERSEY ASSOCIATION OF REALTORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW JERSEY ASSOCIATION OF REALTORS 401(K) PROFIT SHARING PLAN, NEW JERSEY ASSOCIATION OF REALTORS

NEW JERSEY ASSOCIATION OF REALTORSEIN 22-1151210Plan #002PY 2024

10 HAMILTON AVENUE - TRENTON, NJ 08611609-341-7117njar.comLinkedIn11-50 employeesreal estate

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed February 5, 2018

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Total assets (EOY)

$11.1M

+22.0% from 2023

Total participants

+7.7% from 2023

Average account balance

$410,182

+13.0% from 2023

Annual return

17.95%

-4.89 pp from 2023

Benchmarks

See 20,049 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort20,049 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.07M

Not enough data

1 years with asset history on file

Average account balance

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

$410K

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$393K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+17.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$805

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

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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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$22K

$1207 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.196%

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

$410,182

$211,224+94.2%

$178,505+129.8%

$145,897+181.1%

Participation rate

94.4%

80.8%+13.6pp

77.1%+17.3pp

80.3%+14.1pp

Annual return

17.95%

30.28%-12.3pp

27.16%-9.2pp

552.29%-534.3pp

Employer contribution / active EE

$15,078

$4,577+229.5%

$3,955+281.2%

$4,663+223.4%

Participant deferral / active EE

$6,753

$6,966-3.1%

$6,280+7.5%

$6,689+1.0%

Admin fee / account holder

$805

$12,109-93.4%

$10,428-92.3%

$13,390-94.0%

NEW JERSEY ASSOCIATION OF REALTORS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW JERSEY ASSOCIATION OF REALTORS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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