Plan Ledger DOL Form 5500 · updated monthly

Preferred Behavioral Health of Nj403(b)

PREFERRED BEHAVIORAL HEALTH OF NJ 403(B) PLAN · LAKEWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Preferred Behavioral Health of Nj reported $73,270 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,464 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 0.11% to 0.48%. 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 the 1,193rd-largest of 2,419 plans among New Jersey employers on file, and the 4,306th of 11,911 in health care & social assistance. In 2024, employees put in $1.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,988,583
Participants with balances343
Active participants394
Employer contributions$576,719
Employee contributions$604,778
Employer contribution per active participant$1,464
Average account balance$46,614
Benefits paid to participants$1,467,774
Plan auditUnmodified (clean) audit opinion
AuditorHOLMAN, FRENIA AND ALLISON PC
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 343 accts · $577K emplr
2023$14.4M · 335 accts · $525K emplr
2022$13.6M · 354 accts · $473K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,270
Total administrative$73,270
Employer contributions to the Preferred Behavioral Health of Nj plan · 2024
Employer contribution per active participant$1,464
Median for plans this size$2,416
2024$1,464 per active participant
2023$1,377 per active participant
2022$1,224 per active participant

Preferred Behavioral Health of Nj's 2024 employer contribution ran below the $2,416 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.

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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$73,269
NEWPORT CAPITAL GROUP · Investment advisory (plan)indirect comp

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$73,270 · 0.48%
2023$65,678 · 0.47%
2022$15,785 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Cmg Chelsea, LLC NJ$16.4M · 0.79%
Dialyze Direct, LLC NJ$16.1M · 0.11%
Zufall Health Center NJ$16.0M · 0.30%
Fellowshiplife, Inc. NJ$15.9M · 0.68%
Vanguard Medical Group, PA NJ$15.9M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222196988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.