Plan Snapshot
- Plan Sponsor: South Jersey Electrical Workers Temporary Disability Fund
- Sponsor EIN: 223424489
- Sponsor Address: 830 BEAR TAVERN ROAD, WEST TRENTON, NJ, 08628
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,957
- Total Assets: $1.4M
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 | 2,957 | $1.4M | $2.3M | $0 |
| 2023 | 2,314 | $1.3M | $1.8M | $0 |
| 2022 | 2,246 | $1.4M | $1.5M | $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 |
|---|---|---|---|---|
| I.E. SHAFFER & CO | Other Service Provider | $50,000 | — | $50,000 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $16,578 | — | $16,578 |
| GERSON & ASSOC CPAS AND ADVISORS PC | Other Service Provider | $11,000 | — | $11,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,578
- Estimated Expense Ratio: 5.431% 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 | $90,998 | $1,000 | $50,000 | $27,578 | — |
| 2023 | $94,286 | $1,000 | $50,000 | $29,305 | — |
| 2022 | $98,654 | — | $50,000 | — | $37,996 |