Plan Snapshot
- Plan Sponsor: Bd Of Trustees Heavy & General Laborers' Of Nj Annuity Fund
- Sponsor EIN: 222331070
- Sponsor Address: 700 RAYMOND BLVD, NEWARK, NJ, 071052909
- Plan Type: DC
- Total Participants: 9,133
- Total Assets: $1.6B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 9,133 | $1.6B | $103.4M | $0 |
| 2023 | 8,865 | $1.4B | $95.6M | $0 |
| 2022 | 8,602 | $1.3B | $88.8M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI LLP | Auditor | $71,000 | — | $71,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,000
- Estimated Expense Ratio: 0.005% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,943,893 | $3,561,963 | $26,304 | $71,000 | — |
| 2023 | $4,383,183 | $3,165,072 | $20,064 | $70,275 | — |
| 2022 | $4,597,537 | $3,414,258 | — | — | $118,572 |