Alliance Nj Care401(k)
ALLIANCE HEALTHCARE 401(K) PLAN · LAKEWOOD, NJ · plan year 2020
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Alliance Nj Care reported $17,119 in plan administrative expenses for 2020: 3.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $115 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 3.51% to 4.31%. The plan sits in the under $1M size bracket, benchmarked here against 109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (2,286th of 2,419), and 11,316th of 11,911 in health care & social assistance. In 2020, employees put in $3.07 for every $1.00 the employer contributed.
Alliance Nj Care's 2020 employer contribution ran below the $246 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 823440351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.