Plan Ledger DOL Form 5500 · updated monthly

New Jersey Institute for DisabilitiesMoney purchase plan

NEW JERSEY INSTITUTE FOR DISABILITIES RETIREMENT PLAN · EDISON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

New Jersey Institute for Disabilities reported $112,275 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $4,473 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 3 years on file its reported administrative ratio has held roughly steady near 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 678th-largest of 2,419 plans among New Jersey employers on file, and the 553rd of 3,341 in other services.

Plan summary
Net assets, end of year$39,348,829
Participants with balances389
Active participants289
Employer contributions$1,292,821
Employee contributions—
Employer contribution per active participant$4,473
Average account balance$101,154
Benefits paid to participants$3,126,211
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.3M · 389 accts · $1.3M emplr
2023$37.2M · 369 accts · $1.2M emplr
2022$32.5M · 368 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,441
Investment management$43,015
Trustee / custodial$2,819
Total administrative$112,275
Employer contributions to the New Jersey Institute for Disabilities plan · 2024
Employer contribution per active participant$4,473
Median for plans this size$2,416
2024$4,473 per active participant
2023$4,383 per active participant
2022$4,063 per active participant

New Jersey Institute for Disabilities'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 · 20243
NEWPORT GROUP, INC. · Recordkeeping$66,441
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$43,015
NEWPORT TRUST COMPANY · Trustee$2,819

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$112,275 · 0.29%
2023$90,414 · 0.26%
2022$93,437 · 0.30%
Same employer
Similar plansOther Services · New Jersey
GS1 US, Inc. NJ$101.3M · 0.06%
Charles Komar & Sons, Inc. NJ$96.3M · 0.14%
Tenacre Foundation NJ$35.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221554528 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.