Retirement plan

NORTH BERGEN RENAISSANCE CORPORATION 401(K) PLAN

Name: NORTH BERGEN RENAISSANCE CORPORATION - NORTH BERGEN RENAISSANCE CORPORATION 401(K) PLAN (2024) Form 5500
Creator: NORTH BERGEN RENAISSANCE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH BERGEN RENAISSANCE CORPORATION 401(K) PLAN, NORTH BERGEN RENAISSANCE CORPORATION

NORTH BERGEN RENAISSANCE CORPORATIONEIN 31-1621632Plan #001PY 2024

6201 GRAND AVENUE - NORTH BERGEN, NJ 07047201-868-8605LinkedIn1-10 employeeshealth, wellness and fitness

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$226K

+29.8% from 2023

Total participants

-23.1% from 2023

Average account balance

$45,188

+29.8% from 2023

Annual return

16.19%

-0.84 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$226K

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24K

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

+16.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47

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 codes2E2F2J3D2T

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).
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$235

$29 / participant

Other / not subdivided$235100.0%

% of EOY assets

0.104%

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

$45,188

$183,516-75.4%

$155,534-70.9%

$145,884-69.0%

Participation rate

37.5%

82.7%-45.2pp

78.2%-40.7pp

80.3%-42.8pp

Annual return

16.19%

61.43%-45.2pp

64.92%-48.7pp

551.85%-535.7pp

Employer contribution / active EE

$1,481

$5,315-72.1%

$4,675-68.3%

$4,662-68.2%

Participant deferral / active EE

$1,481

$6,467-77.1%

$5,630-73.7%

$6,690-77.9%

Admin fee / account holder

$47

$19,293-99.8%

$15,900-99.7%

$13,392-99.6%

NORTH BERGEN RENAISSANCE CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH BERGEN RENAISSANCE CORPORATION 401(K) 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