Plans » Benchmarking Engine
Benchmarking I.D. Care, P.A. 401(K) Plan in Hillsborough, NJ against
good (4)
neutral (1)
I.D. Care, P.A. 401(K) Plan in Hillsborough, NJ has the 2nd-highest average employer cash contribution per active participant ($9,305) of the 257 plans in New Jersey that provide for automatic enrollment. That $9,305 compares to an average of $2,104 across those 257 plans.
Beating the average of $2,104 means an extra $1,000,936 in employer cash contributions.
Note: average employer cash contribution per active participant =
cash contributions from employers ÷ active participants at the end of the plan year
I.D. Care, P.A. 401(K) Plan has these standings among those 257 plans:
Beating the average of $2,104 means an extra $1,000,936 in employer cash contributions.
Note: average employer cash contribution per active participant =
cash contributions from employers ÷ active participants at the end of the plan year
I.D. Care, P.A. 401(K) Plan has these standings among those 257 plans:
- average employer cash contribution per active participant = $9,305 (2nd-highest)
- cash contributions from employers = $1,293,452 (17th-most)
- active participants at the end of the plan year = 139 (71st-fewest)
- provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of Form 5500. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- average employer cash contribution per active participant. Higher values are better. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- in state. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
I.D. Care, P.A. 401(K) Plan in Hillsborough, NJ is in New Jersey, is on the East Coast, its EIN is 223089117, its industry group is Offices of Physicians, its plan administrator is Stephanie Lucas, a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, has total assets of $10M to $50M, has 100 to 499 total participants, and is better than the overall participant averages in each of net income per active participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (these 5 include the entire set).
Global References
Numeric values:
- total assets ($31.70M)
- net assets (assets minus liabilities) ($31.70M)
- value of interest in registered investment companies (e.g., mutual funds) ($29.90M)
- total income ($7,178,430)
- net income ($6,586,528)
- total contributions ($2,662,786)
- value of interest in common/collective trusts ($1,694,321)
- cash contributions from participants ($1,301,212)
- cash contributions from employers ($1,293,452)
- total expenses ($591,902)
- average account balance ($194,478)
- participant loans ($135,706)
- net income per active participant ($47,385)
- average participant cash contribution per active participant ($9,361)
- average employer cash contribution per active participant ($9,305)
- other administrative expenses ($3,290)
- total administrative expenses ($3,290)
- total administrative expense per participant ($20.18)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- contract administrator fees ($0)
- investment advisory and management fees ($0)
- percentage of active participants at the end of the plan year (85.3%)
- diversity of asset types (7.4%)
- participant loans as a percentage of plan assets (0.43%)
- total administrative expense ratio (0.010%)
- employer securities as a percentage of plan assets (0.00%)
- active participants at the end of the plan year (139)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (163)
- other retired or separated participants entitled to future benefits (24)
- retired or separated participants receiving benefits (0)
- total participants (163)
Global References