Retirement plan

PREFERRED BEHAVIORAL HEALTH OF NJ 403(B) PLAN

Name: PREFERRED BEHAVIORAL HEALTH OF NJ - PREFERRED BEHAVIORAL HEALTH OF NJ 403(B) PLAN (2020) 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 2020

1466 ROUTE 88 W. - BRICK, NJ 087242341732-458-1700LinkedIn51-200 employeesmental health care

Other plans on this EIN

1 filing

#001Retirement-$589K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$15.1M

+15.8% from 2019

Total participants

404

+8.9% from 2019

Average account balance

$43,628

+7.4% from 2019

Annual return

13.58%

-6.40 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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
AMERICAN FUNDS4 years Filed as: NEWPORT CAPITAL GROUP Service code 27 · EIN 86-1109193	Advisory (Plan)	$26,523
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290	Contract Administrator	$13,826

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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$14K

$42 / participant

Contract admin$14K100.0%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HOLMAN FRENIA ALLISON P. C.
Auditor EIN: 223278067
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,628

$52,293-16.6%

$178,499-75.6%

$73,412-40.6%

Participation rate

82.0%

65.3%+16.7pp

81.9%+0.1pp

72.2%+9.8pp

Annual return

13.58%

34.75%-21.2pp

151.10%-137.5pp

59.30%-45.7pp

Employer contribution / active EE

$1,469

$1,735-15.4%

$5,011-70.7%

$2,234-34.2%

Participant deferral / active EE

$1,241

$2,332-46.8%

$5,202-76.1%

$3,806-67.4%

Admin fee / account holder

$40

$127-68.5%

$13,986-99.7%

$158-74.6%

Provider

Service type

Compensation

AMERICAN FUNDS4 years

Filed as: NEWPORT CAPITAL GROUP

Service code 27 · EIN 86-1109193

Advisory (Plan)

$26,523

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$13,826

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