Plan Snapshot
- Plan Sponsor: New Jersey Resources Corporation
- Sponsor EIN: 222376465
- Sponsor Address: 1415 WYCKOFF ROAD, WALL, NJ, 07719
- Plan Type: 401(k)
- Plan Number: 005
- Total Participants: 1,694
- Total Assets: $396.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,694 | $396.9M | $0 | $0 |
| 2024 | 1,374 | $360.4M | $10.7M | $15.2M |
| 2023 | 1,363 | $330.6M | $8.8M | $13.8M |
| 2022 | 1,305 | $295.4M | $7.9M | $12.7M |
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 |
|---|---|---|---|---|
| TROUTMAN PEPPER LLC | Other Service Provider | $158,937 | — | $158,937 |
| NEWPORT CAPITAL GROUP LLC | Other Service Provider | $149,723 | — | $149,723 |
| T ROWE PRICE RPS INC | Other Service Provider | $104,349 | — | $104,349 |
| BDO USA, P.C | Other Service Provider | $66,425 | — | $66,425 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $479,434
- Estimated Expense Ratio: 0.121% 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 |
|---|---|---|---|---|---|
| 2025 | $41,164,467 | $149,723 | — | $66,425 | — |
| 2024 | $505,826 | $399,715 | — | $66,122 | — |
| 2023 | $34,505 | — | — | — | — |
| 2022 | $32,196 | — | — | — | — |