Retirement plan

JERSEY COLLEGE RETIREMENT PLAN

Name: SSS EDUCATION, INC. D/B/A JERSEY COLLEGE - JERSEY COLLEGE RETIREMENT PLAN (2022) 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 2022

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$821K

No prior year

Total participants

206

No prior year

Average account balance

$5,544

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,479 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,479 peers

Snapshot2022

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$6K

$29 / participant

Investment mgmt$6K100.0%

% of EOY assets

0.710%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,544

$60,989-90.9%

$60,906-90.9%

$66,938-91.7%

Participation rate

70.9%

74.5%-3.6pp

73.1%-2.2pp

69.8%+1.0pp

Annual return

0.00%

-9.60%+9.6pp

16.94%-16.9pp

1.58%-1.6pp

Employer contribution / active EE

$1,547

$2,661-41.9%

$2,703-42.8%

$2,545-39.2%

Participant deferral / active EE

$1,907

$3,615-47.3%

$3,814-50.0%

$4,238-55.0%

Admin fee / account holder

$39

$338-88.4%

$3,227-98.8%

$594-93.4%

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