Plan Ledger DOL Form 5500 · updated monthly

Southern Jersey Family Medical Centers, Inc.403(b)

SOUTHERN JERSEY FAMILY MEDICAL CENTERS, INC. EMPLOYEE RETIREMENT PLAN · MARLTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Southern Jersey Family Medical Centers, Inc. reported $27,121 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,473 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 2 years on file its reported administrative ratio rose from 0.11% to 0.20%. 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 (1,279th of 2,419), and the 4,601st of 11,911 in health care & social assistance. In 2024, employees put in $2.41 for every $1.00 the employer contributed; active participation has shrunk from 240 to 191 since 2022.

Plan summary
Net assets, end of year$14,421,886
Participants with balances289
Active participants191
Employer contributions$281,287
Employee contributions$678,057
Employer contribution per active participant$1,473
Average account balance$49,903
Benefits paid to participants$989,324
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 289 accts · $281K emplr
2023$13.4M · 302 accts · $282K emplr
2022$11.6M · 305 accts · $252K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,121
Total administrative$27,121
Employer contributions to the Southern Jersey Family Medical Centers, Inc. plan · 2024
Employer contribution per active participant$1,473
Median for plans this size$2,416
2024$1,473 per active participant
2023$1,272 per active participant
2022$1,050 per active participant

Southern Jersey Family Medical Centers, Inc.'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
UNITED RETIREMENT · Insurance broker$1,075
PARKLAND SECURITIES · Insurance brokerindirect 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$27,121 · 0.20%
2023$14,945 · 0.12%
2022$12,260 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Acute Care Health System NJ$15.2M · 0.14%
Eye Centers of America, LLC NJ$15.1M · 0.58%
Collagen Matrix Inc NJ$14.3M · 0.01%
Sportscare Institute Inc. NJ$14.2M · 0.67%
Twin Boro Management, LLC NJ$14.2M · 0.44%
Allies Inc. NJ$13.8M · 0.39%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222159336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.