Bloomfield College403(b)
BLOOMFIELD COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN · BLOOMFIELD, NJ · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Bloomfield College reported $64,405 in plan administrative expenses for 2022: 0.11% of average plan assets, below the peer median. Employer contributions averaged $9,471 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.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other educational services employers. By assets it is the 539th-largest of 2,419 plans among New Jersey employers on file, and the 840th of 3,091 in educational services. In 2022, the employer put in $5.88 for every $1.00 employees contributed themselves.
Bloomfield College's 2022 employer contribution ran above the $3,449 median for plans its size, placing it in the top quarter of its peers. 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 2022 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 221494428 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.