Plan Snapshot
- Plan Sponsor: South Jersey Industries, INC.
- Sponsor EIN: 221901645
- Sponsor Address: 1 SOUTH JERSEY PLAZA, RT. 54, FOLSOM, NJ, 080379109
- Plan Type: 401(k)
- Plan Number: 510
- Total Participants: 220
- Total Assets: $22.3M
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 | 220 | $22.3M | $79,453 | $200,040 |
| 2023 | 227 | $21.1M | $402,058 | $228,860 |
| 2022 | 236 | $18.4M | $729,535 | $241,124 |
| 2020 | 246 | $19.9M | $774,936 | $258,486 |
| 2019 | 377 | $17.4M | $1.1M | $234,532 |
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 |
|---|---|---|---|---|
| BDO USA, P.C. | Auditor | $149,225 | — | $149,225 |
| GREYSTONE CONSULTING | Other Service Provider | $56,205 | — | $56,205 |
| MATRIX TRUST COMPANY | Recordkeeper | $5,783 | — | $5,783 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
- MATRIX TRUST COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,213
- Estimated Expense Ratio: 0.945% 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 | $215,861 | $56,205 | — | $149,225 | — |
| 2023 | $111,612 | $53,262 | — | $49,000 | — |
| 2022 | $132,909 | $58,378 | — | — | $70,454 |
| 2020 | $134,542 | $51,851 | — | $78,362 | — |
| 2019 | $50,661 | $23,545 | — | $22,400 | — |