Plan Ledger DOL Form 5500 · updated monthly

Central Jersey Family Health Consortium403(b)

CENTRAL JERSEY FAMILY HEALTH CONSORTIUM 403(B) PENSION PLAN · NORTH BRUNSWICK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.57%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Central Jersey Family Health Consortium reported $59,677 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,093 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 fell from 0.77% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,408th of 2,419), and the 5,181st of 11,911 in health care & social assistance. In 2024, the employer put in $2.69 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,889,996
Participants with balances180
Active participants133
Employer contributions$1,076,332
Employee contributions$400,082
Employer contribution per active participant$8,093
Average account balance$66,056
Benefits paid to participants$378,199
Plan auditUnmodified (clean) audit opinion
AuditorJAMES M. WOOD CPA
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 180 accts · $1.1M emplr
2023$9.0M · 157 accts · $654K emplr
2022$7.2M · 145 accts · $612K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,451
Investment management$35,226
Total administrative$59,677
Employer contributions to the Central Jersey Family Health Consortium plan · 2024
Employer contribution per active participant$8,093
Median for plans this size$2,416
2024$8,093 per active participant
2023$4,842 per active participant
2022$5,019 per active participant

Central Jersey Family Health Consortium's 2024 employer contribution ran above the $2,416 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FISHER ASSET MANAGEMENT LLC FISHER · Investment advisory (plan)$23,657
NFP RETIREMENT INC · Investment advisory (plan)$11,263
EMPOWER ADVISORY GROUP, LLC · Investment management$306

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$59,677 · 0.57%
2023$32,892 · 0.40%
2022$59,894 · 0.77%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Accurate Monitoring, LLC NJ$12.3M · 0.30%
Juniper Communities LLC NJ$11.9M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223197191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.