Retirement plan

SPECIAL OLYMPICS NEW JERSEY, INC. SAVINGS PLAN

Name: SPECIAL OLYMPICS NEW JERSEY, INC. - SPECIAL OLYMPICS NEW JERSEY, INC. SAVINGS PLAN (2024) Form 5500
Creator: SPECIAL OLYMPICS NEW JERSEY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPECIAL OLYMPICS NEW JERSEY, INC. SAVINGS PLAN, SPECIAL OLYMPICS NEW JERSEY, INC.

SPECIAL OLYMPICS NEW JERSEY, INC.EIN 23-7448729Plan #002PY 2024

1 EUNICE KENNEDY SHRIVER WAY - LAWRENCEVILLE, NJ 08648609-896-8000sonj.orgLinkedIn11-50 employeeshealth, wellness and fitness

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.8M

+17.5% from 2023

Total participants

+1.8% from 2023

Average account balance

$102,033

+12.5% from 2023

Annual return

14.60%

-2.18 pp from 2023

Benchmarks

See 3,318 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.73M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$559K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9121

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 codes2F2G2L2M2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

$379K

$7897 / participant

Other / not subdivided$379K100.0%

% of EOY assets

7.904%

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

$102,033

$51,642+97.6%

$129,384-21.1%

$80,935+26.1%

Participation rate

77.1%

56.9%+20.2pp

69.6%+7.4pp

67.7%+9.4pp

Annual return

14.60%

20.78%-6.2pp

9461.77%-9447.2pp

35.66%-21.1pp

Employer contribution / active EE

$3,647

$1,583+130.4%

$4,153-12.2%

$2,757+32.3%

Participant deferral / active EE

$6,179

$2,670+131.5%

$4,166+48.3%

$4,299+43.7%

Admin fee / account holder

$8,065

$4,312+87.0%

$7,686+4.9%

$6,924+16.5%

SPECIAL OLYMPICS NEW JERSEY, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPECIAL OLYMPICS NEW JERSEY, INC. SAVINGS 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