Retirement plan

THE NORTH JERSEY NEUROLOGIC ASSOCIATES EMPLOYEES PROFIT SHARING PLAN

Name: NORTH JERSEY NEUROLOGIC ASSOCIATES, P.A. - THE NORTH JERSEY NEUROLOGIC ASSOCIATES EMPLOYEES PROFIT SHARING PLAN (2023) Form 5500
Creator: NORTH JERSEY NEUROLOGIC ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NORTH JERSEY NEUROLOGIC ASSOCIATES EMPLOYEES PROFIT SHARING PLAN, NORTH JERSEY NEUROLOGIC ASSOCIATES, P.A.

NORTH JERSEY NEUROLOGIC ASSOCIATES, P.A.EIN 22-2004678Plan #001PY 2023

1680 ROUTE 23 NORTH, SUITE 300 - WAYNE, NJ 07470973-942-4778LinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$4.6M

+15.8% from 2022

Total participants

+5.9% from 2022

Average account balance

$255,838

+3.0% from 2022

Annual return

15.50%

+28.24 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.16M

Not enough data

1 years with asset history on file

Average account balance

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

$304K

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.

212.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$143K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+8.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1433

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 codes2E2F2H2J

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

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

$142K

$12918 / participant

Other / not subdivided$142K100.0%

% of EOY assets

3.086%

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

$255,838

$175,259+46.0%

$149,723+70.9%

$139,487+83.4%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

15.50%

166.82%-151.3pp

134.50%-119.0pp

373.84%-358.3pp

Employer contribution / active EE

$4,346

$5,478-20.7%

$4,821-9.9%

$4,755-8.6%

Participant deferral / active EE

$8,071

$6,522+23.8%

$5,682+42.0%

$6,713+20.2%

Admin fee / account holder

$7,894

$16,158-51.1%

$13,215-40.3%

$11,407-30.8%

THE NORTH JERSEY NEUROLOGIC ASSOCIATES EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE NORTH JERSEY NEUROLOGIC ASSOCIATES EMPLOYEES PROFIT SHARING PLAN

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