Retirement plan

JEFFERSON HEALTH NEW JERSEY 401K PLAN

Name: KENNEDY HEALTH SYSTEM - JEFFERSON HEALTH NEW JERSEY 401K PLAN (2020) Form 5500
Creator: KENNEDY HEALTH SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEFFERSON HEALTH NEW JERSEY 401K PLAN, KENNEDY HEALTH SYSTEM

KENNEDY HEALTH SYSTEMEIN 22-2442036Plan #001PY 2020

1101 MARKET STREET, SUITE 2004 - PHILADELPHIA, PA 19107856-661-5186

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+14.3% from 2019

Total participants

-6.1% from 2019

Average account balance

$17,943

No prior year

Annual return

14.52%

-11.29 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$932K

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

4500.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13179

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 codes2E2J3B3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$185K

$2841 / participant

Other / not subdivided$185K100.0%

% of EOY assets

11.437%

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

$17,943

$91,167-80.3%

$178,498-89.9%

$79,858-77.5%

Participation rate

96.9%

69.2%+27.7pp

81.9%+15.0pp

69.6%+27.3pp

Annual return

14.52%

24.19%-9.7pp

151.09%-136.6pp

31.72%-17.2pp

Employer contribution / active EE

$1,040

$3,255-68.0%

$5,011-79.2%

$2,471-57.9%

Participant deferral / active EE

$1,745

$3,236-46.1%

$5,202-66.5%

$3,740-53.3%

Admin fee / account holder

$2,052

$6,747-69.6%

$13,985-85.3%

$5,306-61.3%

JEFFERSON HEALTH NEW JERSEY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEFFERSON HEALTH NEW JERSEY 401K 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