Plan Ledger DOL Form 5500 · updated monthly

Trucking Employees of North Jersey Annuity FundProfit-sharing plan

TRUCKING EMPLOYEES OF NORTH JERSEY ANNUITY FUND · ELMWOOD PARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Trucking Employees of North Jersey Annuity Fund reported $301,422 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,162 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 0.58% to 0.52%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 498th-largest of 2,419 plans among New Jersey employers on file, and the 1,414th of 4,798 in finance & insurance. active participation has grown from 375 to 775 since 2022.

Plan summary
Net assets, end of year$62,491,308
Participants with balances629
Active participants775
Employer contributions$5,550,300
Employee contributions—
Employer contribution per active participant$7,162
Average account balance$99,350
Benefits paid to participants$4,007,187
Plan auditUnmodified (clean) audit opinion
AuditorBARATZ & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$62.5M · 629 accts · $5.6M emplr
2023$52.7M · 591 accts · $5.3M emplr
2022$45.0M · 584 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Investment management$83,411
Audit (IQPA)$16,275
Total administrative$301,422
Employer contributions to the Trucking Employees of North Jersey Annuity Fund plan · 2024
Employer contribution per active participant$7,162
Median for plans this size$3,635
2024$7,162 per active participant
2023$15,653 per active participant
2022$12,389 per active participant

Trucking Employees of North Jersey Annuity Fund's 2024 employer contribution ran above the $3,635 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 · 20248
BRIDGEWAY BENEFIT TECHNOLOGIES LLC · Recordkeeping$11,917
LINCOLN NATIONAL CORPORATION · Contract administrator$266,151
TENJ WELFARE FUND · Other services$116,374
WEAVER & TIDWELL LLP · Accounting / audit$16,275
COHEN, LEDER, MONTALBANO & GROSSMAN · Legal$12,702
DAVID W. NEW P.C. · Legal$7,877
JENDA TECHNOLOGIES · Consulting$6,525
THE SEGAL COMPANY · Actuarial$5,000

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

Recordkeeper by year2
2024BRIDGEWAY BENEFIT TECHNOLOGIES LLC
2023INNOVATIVE SOFTWARE SOLUTION

This plan has changed recordkeepers within these filings. If you left Trucking Employees of North Jersey Annuity Fund before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$301,422 · 0.52%
2023$312,090 · 0.64%
2022$283,516 · 0.58%
Similar plansFinance & Insurance · New Jersey
Kearny Bank NJ$73.3M · 0.07%
Harding Loevner LP NJ$62.0M · 0.02%
Connectone Bank NJ$59.6M · 0.24%
Ubs Financial Services Inc. NJ$57.3M · 0.03%
Cross River Bank NJ$53.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223081442 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.