Retirement plan

NEW ROAD SCHOOLS OF NEW JERSEY, INC. 401(K) SAVING

Name: NEW ROAD SCHOOLS OF NEW JERSEY - NEW ROAD SCHOOLS OF NEW JERSEY, INC. 401(K) SAVING (2020) Form 5500
Creator: NEW ROAD SCHOOLS OF NEW JERSEY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW ROAD SCHOOLS OF NEW JERSEY, INC. 401(K) SAVING, NEW ROAD SCHOOLS OF NEW JERSEY

NEW ROAD SCHOOLS OF NEW JERSEYEIN 22-3449747Plan #003PY 2020

3071-A BORDENTOWN AVENUE - PARLIN, NJ 08859732-390-0303nrsnj.comLinkedIn51-200 employees

Other plans on this EIN

1 filing

#002Retirement-$9.0M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$15.9M

+11.1% from 2019

Total participants

172

+9.6% from 2019

Average account balance

$132,625

+13.8% from 2019

Annual return

10.70%

-2.11 pp from 2019

Benchmarks

See 1,462 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,462 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.96M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

125

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.

58.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$513K

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

+12.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$331

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 49 · EIN 04-1590850	Other Services	$66,688
UBS FINANCIAL SERVICES INC3 years Filed as: UBS FINANCIAL SERVICES INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$28,671
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
CALVERT3 years Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
EATON VANCE3 years Service code 52 · EIN 04-6039283	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 84-0933032	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT1 year Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-2468583	Indirect Investment Fees	$0
NEUBERGER BERMAN3 years Service code 52 · EIN 13-6068441	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$67K

$445 / participant

Investment mgmt$65K97.4%
Contract admin$2K2.5%
Other / not subdivided$750.1%

% of EOY assets

0.419%

all-in expense ratio

Categories reported

2 / 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: ANDERSON AND COMPANY PC
Auditor EIN: 222892865
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,625

$65,322+103.0%

$70,494+88.1%

$73,497+80.5%

Participation rate

65.3%

77.0%-11.6pp

75.1%-9.7pp

70.7%-5.3pp

Annual return

10.70%

15.71%-5.0pp

109.16%-98.5pp

28.51%-17.8pp

Employer contribution / active EE

$732

$2,460-70.2%

$2,738-73.2%

$2,270-67.7%

Participant deferral / active EE

$3,696

$3,375+9.5%

$3,711-0.4%

$3,740-1.2%

Admin fee / account holder

$556

$214+159.6%

$3,848-85.6%

$513+8.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 49 · EIN 04-1590850

Other Services

$66,688

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$28,671

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

CALVERT3 years

Service code 52 · EIN 52-1233223

Indirect Investment Fees

EATON VANCE3 years

Service code 52 · EIN 04-6039283

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 84-0933032

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT1 year

Service code 52 · EIN 95-4597302

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-2468583

Indirect Investment Fees

NEUBERGER BERMAN3 years

Service code 52 · EIN 13-6068441

Indirect Investment Fees

NEW ROAD SCHOOLS OF NEW JERSEY, INC. 401(K) SAVING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW ROAD SCHOOLS OF NEW JERSEY, INC. 401(K) SAVING

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