Retirement plan

PREFERRED BEHAVIORAL HEALTH OF NJ 403(B) PLAN

Name: PREFERRED BEHAVIORAL HEALTH OF NJ - PREFERRED BEHAVIORAL HEALTH OF NJ 403(B) PLAN (2024) Form 5500
Creator: PREFERRED BEHAVIORAL HEALTH OF NJ
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREFERRED BEHAVIORAL HEALTH OF NJ 403(B) PLAN, PREFERRED BEHAVIORAL HEALTH OF NJ

PREFERRED BEHAVIORAL HEALTH OF NJEIN 22-2196988Plan #002PY 2024

700 AIRPORT ROAD, PO BOX 2036 - LAKEWOOD, NJ 08701732-458-1700LinkedIn51-200 employeesmental health care

Other plans on this EIN

1 filing

#001Retirement-$370K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16M

+11.0% from 2023

Total participants

461

-1.1% from 2023

Average account balance

$46,614

+8.4% from 2023

Annual return

12.95%

-4.27 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.99M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

343

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.

70.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$214

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$73,269
AMERICAN FUNDS8 years Filed as: NEWPORT CAPITAL GROUP Service code 27 · EIN 86-1109193	Advisory (Plan)	$26,523

Plan features & details

Pension benefit codes2A2G2L2M2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$73K

$186 / participant

Contract admin$73K100.0%

% of EOY assets

0.458%

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: HOLMAN, FRENIA AND ALLISON PC
Auditor EIN: 223480145
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,614

$50,919-8.5%

$155,556-70.0%

$77,762-40.1%

Participation rate

70.1%

63.1%+7.0pp

78.2%-8.2pp

70.6%-0.5pp

Annual return

12.95%

34.84%-21.9pp

64.84%-51.9pp

31.27%-18.3pp

Employer contribution / active EE

$1,464

$1,991-26.5%

$4,675-68.7%

$2,728-46.3%

Participant deferral / active EE

$1,535

$2,824-45.7%

$5,631-72.7%

$4,651-67.0%

Admin fee / account holder

$214

$437-51.1%

$15,885-98.7%

$433-50.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$73,269

AMERICAN FUNDS8 years

Filed as: NEWPORT CAPITAL GROUP

Service code 27 · EIN 86-1109193

Advisory (Plan)

$26,523

PREFERRED BEHAVIORAL HEALTH OF NJ 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREFERRED BEHAVIORAL HEALTH OF NJ 403(B) 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