# South Jersey Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/south-jersey-industries-inc-221901645-510

> South Jersey Industries, INC.'s 401(k) plan: 220 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/bdo-usa-pc) — Auditor

- [MATRIX TRUST COMPANY](https://planprovider.pro/provider/aspire-financial-services) — 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|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/south-jersey-industries-inc-221901645-510)

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