Plan Ledger DOL Form 5500 · updated monthly

New Jersey Resources Corporation401(k) + ESOP (KSOP)

NEW JERSEY RESOURCES CORPORATION EMPLOYEES' RETIREMENT SAVINGS PLAN · WALL, NJ · plan year 2025

Reported admin expense ratio · 2025
0.13%

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

New Jersey Resources Corporation reported $479,434 in plan administrative expenses for 2025: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,325 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 rose from 0.01% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other finance & insurance employers. By assets it is the 144th-largest of 2,419 plans among New Jersey employers on file, and the 359th of 4,798 in finance & insurance. In 2025, employees put in $1.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$396,916,333
Participants with balances1,621
Active participants1,395
Employer contributions$11,613,777
Employee contributions$15,774,723
Employer contribution per active participant$8,325
Average account balance$244,859
Benefits paid to participants$40,685,033
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$396.9M · 1,621 accts · $11.6M emplr
2024$360.4M · 1,598 accts · $10.7M emplr
2023$330.6M · 1,599 accts · $8.8M emplr
2022$295.4M · 1,521 accts · $7.9M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$81,238
Investment management$149,723
Audit (IQPA)$66,425
Total administrative$479,434
The New Jersey Resources Corporation 401(k) match · 2025
Employer contribution per active participant$8,325
Median for plans this size$4,295
2025$8,325 per active participant
2024$7,777 per active participant
2023$6,485 per active participant
2022$6,088 per active participant

New Jersey Resources Corporation's 2025 employer contribution ran above the $4,295 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
T ROWE PRICE RPS INC · Recordkeeping · Trustee$104,349
TROUTMAN PEPPER LLC · Legal$158,937
NEWPORT CAPITAL GROUP LLC · Investment advisory (plan)$149,723
BDO USA, P.C · Accounting / audit$66,425

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

Recordkeeper by year3
2025T. Rowe Price
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history4
2025$479,434 · 0.13%
2024$505,826 · 0.15%
2023$34,505 · 0.01%
2022$32,196 · 0.01%
Same employer
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U.S. Fire Insurance Co. NJ$590.7M · 0.06%
Lord, Abbett & Co. LLC NJ$554.1M · 0.03%
Everest Reinsurance Company NJ$553.0M · 0.08%
Standard Chartered Bank NJ$407.3M · 0.05%
Freedom Mortgage Corporation NJ$200.2M · 0.37%
Provident Bank NJ$184.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222376465 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.