Plan Snapshot
- Plan Sponsor: Bd Of Trustees New Jersey Building Laborers Statewide Pension Fund
- Sponsor EIN: 226077693
- Sponsor Address: 485 ROUTE 1, ISELIN, NJ, 08830
- Plan Type: DB
- Total Participants: 2,082
- Total Assets: $545.6M
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 | 2,082 | $545.6M | $40.8M | $0 |
| 2023 | 2,166 | $520.3M | $39.2M | $0 |
| 2022 | 2,108 | $493.6M | $39.2M | $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 | $78,000 | — | $78,000 |
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: $78,000
- Estimated Expense Ratio: 0.014% 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 | $3,473,010 | $1,141,541 | — | $78,000 | — |
| 2023 | $3,166,534 | $961,603 | — | $77,200 | — |
| 2022 | $3,190,806 | $1,042,147 | $31,478 | — | $391,500 |