Retirement plan

OCCUPATIONAL CENTER OF UNION COUNTY, INC TAX DEFER & THRIFT 403(B)

Name: OCCUPATIONAL CENTER OF UNION COUNTY, INC - OCCUPATIONAL CENTER OF UNION COUNTY, INC TAX DEFER & THRIFT 403(B) (2024) Form 5500
Creator: OCCUPATIONAL CENTER OF UNION COUNTY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCCUPATIONAL CENTER OF UNION COUNTY, INC TAX DEFER & THRIFT 403(B), OCCUPATIONAL CENTER OF UNION COUNTY, INC

OCCUPATIONAL CENTER OF UNION COUNTY, INCEIN 22-1639789Plan #002PY 2024

301 COX STREET - ROSELLE, NJ 07203908-241-7200occupationalcenter.orgLinkedIn11-50 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-14.2% from 2023

Total participants

104

-10.3% from 2023

Average account balance

$18,895

-19.5% from 2023

Annual return

8.86%

-4.51 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.55M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

106.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$114K

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

+8.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6486

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 codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$532K

$6907 / participant

Other / not subdivided$532K100.0%

% of EOY assets

34.326%

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

$18,895

$81,276-76.8%

$155,574-87.9%

$80,925-76.7%

Participation rate

71.4%

66.2%+5.2pp

78.2%-6.8pp

67.7%+3.8pp

Annual return

8.86%

33.36%-24.5pp

64.87%-56.0pp

35.65%-26.8pp

Employer contribution / active EE

$541

$3,103-82.6%

$4,676-88.4%

$2,756-80.4%

Participant deferral / active EE

$936

$3,453-72.9%

$5,629-83.4%

$4,299-78.2%

Admin fee / account holder

$6,486

$7,993-18.9%

$15,914-59.2%

$6,940-6.5%

OCCUPATIONAL CENTER OF UNION COUNTY, INC TAX DEFER & THRIFT 403(B)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCCUPATIONAL CENTER OF UNION COUNTY, INC TAX DEFER & THRIFT 403(B)

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