Plan Snapshot
- Plan Sponsor: Board Of Trustees, Retiree Plan Of The Njbls Welfare Fund
- Sponsor EIN: 221764453
- Sponsor Address: 485 ROUTE 1, ISELIN, NJ, 08830
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 773
- Total Assets: $432,235
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 | 773 | $432,235 | $2.8M | $1.3M |
| 2023 | 837 | $234,903 | $2.5M | $1.4M |
| 2022 | 854 | $151,491 | $3.4M | $1.5M |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE SERVICES INC. | Other Service Provider | $119,948 | — | $119,948 |
| DELTA DENTAL OF NEW JERSEY INC | Other Service Provider | $13,685 | — | $13,685 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $6,000 | — | $6,000 |
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: $139,633
- Estimated Expense Ratio: 32.305% 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 | $218,613 | — | — | $6,000 | — |
| 2023 | $237,589 | — | — | $6,000 | — |
| 2022 | $263,586 | — | — | — | $45,905 |