Plan Snapshot
- Plan Sponsor: United Methodist Homes Of New Jersey
- Sponsor EIN: 210634464
- Sponsor Address: 205 JUMPING BROOK RD, NEPTUNE, NJ, 077533197
- Plan Type: 403(b)
- Total Participants: 1,098
- Total Assets: $24.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 1,098 | $24.4M | $933,684 | $2.3M |
| 2023 | 1,100 | $21.3M | $729,374 | $1.9M |
| 2022 | 1,182 | $19.0M | $706,734 | $1.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $141,691 | — | $141,691 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISORY | — | $42,886 | $42,886 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISORY
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $184,577
- Estimated Expense Ratio: 0.756% 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 | $141,691 | — | $141,691 | — | — |
| 2023 | $122,457 | — | $122,457 | — | — |
| 2022 | $109,902 | — | $109,902 | — | — |