Plan Snapshot
- Plan Sponsor: New Jersey Resources Corporation
- Sponsor EIN: 222376465
- Sponsor Address: 1415 WYCKOFF ROAD, WALL, NJ, 07719
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,153
- Total Assets: $98.6M
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 | 1,153 | $98.6M | $28.5M | $4.1M |
| 2023 | 1,152 | $99.4M | $27.0M | $4.1M |
| 2022 | 1,103 | $86.3M | $32.9M | $4.1M |
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 |
|---|---|---|---|---|
| SEI TRUST | Custodian / Trustee | $368,625 | — | $368,625 |
| AON PLC | Actuary | $152,116 | — | $152,116 |
| BDO USA, P.C. | Auditor | $17,728 | — | $17,728 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON PLC — Actuary
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $538,469
- Estimated Expense Ratio: 0.546% 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 | $538,469 | $342,018 | — | $17,728 | — |
| 2023 | $344,846 | $320,902 | — | — | — |
| 2022 | $352,874 | $352,874 | — | — | — |