Retirement plan

FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIES 403B) PLAN

Name: FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIES - FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIES 403B) PLAN (2024) Form 5500
Creator: FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIES 403B) PLAN, FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIES

FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIESEIN 45-4214128Plan #001PY 2024

111 HOWARD BLVD, SUITE 201 - MT ARLINGTON, NJ 07856973-940-3194

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$393K

+33.2% from 2023

Total participants

-11.8% from 2023

Average account balance

$28,067

+52.2% from 2023

Annual return

11.52%

-3.30 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

$393K

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

155.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$102K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2819

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$39K

$4385 / participant

Other / not subdivided$39K100.0%

% of EOY assets

10.042%

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

$28,067

$183,516-84.7%

$155,534-82.0%

$145,884-80.8%

Participation rate

88.9%

82.7%+6.2pp

78.2%+10.7pp

80.3%+8.6pp

Annual return

11.52%

61.43%-49.9pp

64.92%-53.4pp

551.85%-540.3pp

Employer contribution / active EE

$9,371

$5,315+76.3%

$4,675+100.5%

$4,662+101.0%

Participant deferral / active EE

$1,963

$6,467-69.7%

$5,630-65.1%

$6,690-70.7%

Admin fee / account holder

$2,819

$19,293-85.4%

$15,900-82.3%

$13,392-79.0%

FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIES 403B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY PARTNERS OF MORRIS-SUSSEX COUNTIES 403B) 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