Retirement plan

NCAAR-BH PROFIT SHARING PLAN

Name: NCAAR-BH - NCAAR-BH PROFIT SHARING PLAN (2022) Form 5500
Creator: NCAAR-BH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NCAAR-BH PROFIT SHARING PLAN, NCAAR-BH

NCAAR-BHEIN 22-2436069Plan #001PY 2022

360 CORPORATE BLVD. - ROBBINSVILLE, NJ 08691609-689-0599

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.4M

-12.0% from 2021

Total participants

169

+3.0% from 2021

Average account balance

$40,742

-14.3% from 2021

Annual return

-14.73%

-40.40 pp from 2021

Benchmarks

See 1,742 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,742 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.84M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

147

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$649K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$489

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$16,258
PETER CHANG ENTERPRISES, INC.1 year Filed as: PETER NUSSBAUM Service code 99 32 MIDDLEBROOK DRIVE · OCEAN, NJ 07712	Other Fees	$12,462
HOLMAN FRENIA ALLISON PC7+ years Service code 10 · EIN 22-3480145 10 ALLEN STREET · TOMS RIVER, NJ 08753	Accounting	$7,000
RED BANK PENSION SERVICES, INC.1 year Service code 49 · EIN 22-2755716 1161 BROAD STREET · SHREWSBURY, NJ 07702	Other Services	$650

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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).
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$62K

$560 / participant

Other / not subdivided$62K100.0%

% of EOY assets

0.972%

all-in expense ratio

Categories reported

0 / 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 ALLISON, PC
Auditor EIN: 223480145
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,742

$51,226-20.5%

$82,744-50.8%

$66,938-39.1%

Participation rate

89.2%

67.9%+21.3pp

72.6%+16.6pp

69.8%+19.4pp

Annual return

-14.73%

-9.61%-5.1pp

702.22%-716.9pp

1.58%-16.3pp

Employer contribution / active EE

$5,460

$2,612+109.0%

$3,008+81.5%

$2,545+114.5%

Participant deferral / active EE

$1,250

$3,460-63.9%

$4,395-71.6%

$4,238-70.5%

Admin fee / account holder

$396

$416-4.7%

$5,325-92.6%

$594-33.2%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$16,258

PETER CHANG ENTERPRISES, INC.1 year

Filed as: PETER NUSSBAUM

Service code 99

32 MIDDLEBROOK DRIVE · OCEAN, NJ 07712

Other Fees

$12,462

HOLMAN FRENIA ALLISON PC7+ years

Service code 10 · EIN 22-3480145

10 ALLEN STREET · TOMS RIVER, NJ 08753

Accounting

$7,000

RED BANK PENSION SERVICES, INC.1 year

Service code 49 · EIN 22-2755716

1161 BROAD STREET · SHREWSBURY, NJ 07702

Other Services

$650

NCAAR-BH PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NCAAR-BH 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