Retirement plan

JERSEY COLLEGE RETIREMENT PLAN

Name: SSS EDUCATION, INC. D/B/A JERSEY COLLEGE - JERSEY COLLEGE RETIREMENT PLAN (2024) Form 5500
Creator: SSS EDUCATION, INC. D/B/A JERSEY COLLEGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JERSEY COLLEGE RETIREMENT PLAN, SSS EDUCATION, INC. D/B/A JERSEY COLLEGE

SSS EDUCATION, INC. D/B/A JERSEY COLLEGEEIN 27-0065816Plan #002PY 2024

546 US HIGHWAY 46 - TETERBORO, NJ 07608201-645-4222LinkedIn51-200 employeese-learning

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$4M

+70.5% from 2023

Total participants

326

+33.1% from 2023

Average account balance

$17,001

+39.7% from 2023

Annual return

17.78%

-31.06 pp from 2023

Benchmarks

See 955 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort955 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.05M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

238

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.

70.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2E2J2F2G3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FASTEN HALBERSTAM, LLP
Auditor EIN: 472319109
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,001

$91,621-81.4%

$67,511-74.8%

$77,671-78.1%

Participation rate

70.6%

76.0%-5.4pp

72.9%-2.3pp

70.6%0pp

Annual return

17.78%

14.87%+2.9pp

3517.41%-3499.6pp

31.21%-13.4pp

Employer contribution / active EE

$1,909

$3,184-40.0%

$2,733-30.1%

$2,726-30.0%

Participant deferral / active EE

$3,048

$3,906-22.0%

$4,000-23.8%

$4,648-34.4%

Admin fee / account holder

$176-100.0%

$3,999-100.0%

$430-100.0%

JERSEY COLLEGE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JERSEY COLLEGE RETIREMENT 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