Retirement plan

NJ PRINCIPALS & SUPERVISORS RETIREMENT PLAN

Name: NEW JERSEY PRINCIPALS & SUPERVISORS - NJ PRINCIPALS & SUPERVISORS RETIREMENT PLAN (2019) Form 5500
Creator: NEW JERSEY PRINCIPALS & SUPERVISORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NJ PRINCIPALS & SUPERVISORS RETIREMENT PLAN, NEW JERSEY PRINCIPALS & SUPERVISORS

NEW JERSEY PRINCIPALS & SUPERVISORSEIN 22-2354716Plan #001PY 2019

12 CENTRE DRIVE - MONROE TOWNSHIP, NJ 08831609-860-1200njpsa.orgLinkedIn11-50 employeeseducation management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$6.1M

+2.3% from 2018

Total participants

+7.8% from 2018

Average account balance

$118,078

+0.3% from 2018

Annual return

6.26%

-3.39 pp from 2018

Benchmarks

See 3,900 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,900 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.32M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

110.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+11.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7141

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 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.)
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

$881K

$19154 / participant

Other / not subdivided$881K100.0%

% of EOY assets

14.350%

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

$118,078

$45,082+161.9%

$69,464+70.0%

$72,975+61.8%

Participation rate

93.5%

68.5%+25.0pp

74.6%+18.9pp

69.5%+24.0pp

Annual return

6.26%

22.66%-16.4pp

28.98%-22.7pp

81.01%-74.8pp

Employer contribution / active EE

$6,541

$2,055+218.2%

$2,779+135.3%

$2,440+168.1%

Participant deferral / active EE

$7,389

$2,604+183.8%

$3,536+109.0%

$3,608+104.8%

Admin fee / account holder

$16,944

$3,057+454.3%

$3,840+341.2%

$5,124+230.7%

NJ PRINCIPALS & SUPERVISORS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NJ PRINCIPALS & SUPERVISORS RETIREMENT 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