Retirement plan

BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEY 401(K) PROFIT SHARING PLAN

Name: BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEY - BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEY 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEY 401(K) PROFIT SHARING PLAN, BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEY

BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEYEIN 22-3634926Plan #002PY 2021

11 STONE STREET - NEW BRUNSWICK, NJ 089011280732-247-8855

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$240K

+44.0% from 2020

Total participants

0.0% from 2020

Average account balance

$80,104

+44.0% from 2020

Annual return

14.46%

-5.27 pp from 2020

Benchmarks

See 37,618 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,618 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$625K

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+18.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10613

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

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

$498

$166 / participant

Other / not subdivided$498100.0%

% of EOY assets

0.207%

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

$80,104

$109,872-27.1%

$98,483-18.7%

$167,536-52.2%

Participation rate

100.0%

75.8%+24.2pp

73.3%+26.7pp

82.1%+17.9pp

Annual return

14.46%

1959.31%-1944.8pp

1494.38%-1479.9pp

478.82%-464.4pp

Employer contribution / active EE

$8,055

$3,225+149.8%

$2,961+172.1%

$4,839+66.5%

Participant deferral / active EE

$8,387

$4,673+79.5%

$4,276+96.1%

$6,342+32.2%

Admin fee / account holder

$166

$6,757-97.5%

$5,953-97.2%

$12,315-98.7%

BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIOMEDICAL & HEALTH SCIENCES OF NEW JERSEY 401(K) 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