Plan Snapshot
- Plan Sponsor: Horizon Blue Cross Blue Shield Of New Jersey
- Sponsor EIN: 220999690
- Sponsor Address: THREE PENN PLAZA EAST PP 15A, NEWARK, NJ, 07105
- Plan Type: 401(k)
- Total Participants: 5,563
- Total Assets: $1.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,563 | $1.5B | $39.9M | $52.8M |
| 2023 | 5,324 | $1.4B | $36.2M | $47.7M |
| 2022 | 5,102 | $1.2B | $38.6M | $45.5M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $267,489 | — | $267,489 |
| MORGAN STANLEY DOMESTIC HOLDINGS | CONSULTANT | $67,500 | — | $67,500 |
| EISNERAMPER LLP | CONSULTANT | $38,850 | — | $38,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- MORGAN STANLEY DOMESTIC HOLDINGS — CONSULTANT
- EISNERAMPER LLP — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $373,839
- Estimated Expense Ratio: 0.024% 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 | -$1,206,069 | $267,489 | $2,100 | — | — |
| 2023 | -$663,789 | $457,547 | $2,100 | — | — |
| 2022 | -$582,191 | $586,997 | — | — | — |