Plan Snapshot
- Plan Sponsor: New Jersey B.A.C. Annuity Fund
- Sponsor EIN: 800083081
- Sponsor Address: 14 PLOG ROAD SUITE 2, FAIRFIELD, NJ, 07004
- Plan Type: DC
- Total Participants: 1,282
- Total Assets: $162.6M
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 | 1,282 | $162.6M | $9.6M | $0 |
| 2023 | 1,267 | $151.3M | $9.0M | $0 |
| 2022 | 1,453 | $135.8M | $8.1M | $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 |
|---|---|---|---|---|
| RICHARD J. CUMMINGS, CPA | Auditor | $23,000 | — | $23,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,000
- 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 | $494,466 | $43,750 | — | $23,000 | — |
| 2023 | $454,163 | $43,750 | — | $22,000 | — |
| 2022 | $365,384 | $43,750 | — | — | $113,479 |