New Jersey › Educational services › 500 to 999 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
Njea Supplemental Savings Plan
Sponsored by New Jersey Education Association, Trenton, NJ
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Njea Supplemental Savings Plan is a 401(k) plan sponsored by New Jersey Education Association of Trenton, New Jersey. For the plan year ending 31 Aug 2025 it reported 501 participants, 394 of them active, and net assets of $68.9M.
Net assets came to $137,605 per participant, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $73,018 median for defined contribution plans in educational services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $84K during the year, or $214 per active participant against a same-size median of $1,934; participants contributed $2.2M and $173K arrived as rollovers and other contributions. Benefits paid out totalled $7.7M.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $69K: $138 per participant, above the same-size median of $113. Administrative expenses charged to the plan were —. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $20.6M in 2009 to $68.9M in 2024 (up 235%), and participants from 403 to 501 (up 24%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $137,605 | $46,267 | $73,018 | $53,102 |
| Employer contributions per active participant | $214 | $1,934 | $2,838 | $2,175 |
| Schedule C compensation per participant | $138 | $113 | $95.66 | $123 |
| Schedule C compensation, share of net assets | 0.10% | 0.25% | 0.13% | 0.26% |
| Administrative expenses per participant | — | $109 | $89.26 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), educational services (2,753) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 501 | $68.9M | $137,605 | $84K | $2.2M | $69K |
| 2023 | 490 | $67.4M | $137,631 | $87K | $2.0M | $58K |
| 2022 | 485 | $56.8M | $117,198 | $87K | $2.2M | $93K |
| 2021 | 482 | $52.4M | $108,739 | $95K | $2.2M | $136K |
| 2020 | 467 | $67.9M | $145,347 | $73K | $2.0M | $179K |
| 2019 | 468 | $54.6M | $116,568 | $59K | $2.1M | $150K |
| 2018 | 457 | $46.4M | $101,543 | $56K | $2.0M | $131K |
| 2017 | 449 | $45.3M | $100,989 | $59K | $2.2M | $171K |
| 2016 | 454 | $42.2M | $93,002 | $50K | $2.2M | $71K |
| 2015 | 436 | $38.4M | $87,982 | $51K | $2.2M | $64K |
| 2014 | 428 | $36.1M | $84,423 | $51K | $2.4M | $67K |
| 2013 | 412 | $34.6M | $83,927 | $45K | $2.3M | $70K |
| 2012 | 423 | $29.9M | $70,695 | $43K | $2.1M | $68K |
| 2011 | 408 | $26.4M | $64,632 | $34K | $1.8M | $63K |
| 2010 | 403 | $24.0M | $59,663 | $37K | $1.8M | $0 |
| 2009 | 403 | $20.6M | $51,097 | $42K | $1.7M | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$67,438,873
- Employer contributions$84,140
- Participant contributions$2,182,552
- Rollovers and other contributions$173,413
- Total contributions$2,440,105
- Total income, including investment results$9,223,707
- Benefits paid$7,710,927
- Administrative expenses—
- Total expenses$7,722,624
- Net income$1,501,083
- Net transfers$0
- Net assets, end of year$68,939,956
Participants
- Active participants394
- Retired or separated, receiving benefits44
- Retired or separated, entitled to future benefits47
- Participants with account balances453
- Total participants, end of year501
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| CAPTRUST Financial Partners LLC | Investment advisory (plan) | $60,000 | $0 |
| T. Rowe Price Retirement Plan Servi | Plan Administrator; Other services | $9,180 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$63.6M · 92.2%
- Common/collective trusts$4.7M · 6.8%
- Participant loans$572K · 0.8%
- Other investments$96K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmNovak Francella, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2GTotal participant-directed account plan2JCode section 401(k) feature2RParticipant-directed brokerage accounts provided as an investment option under the plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 611000: Educational Services (including schools, colleges, & universities).
Other plans of New Jersey Education Association
| Plan | Participants | Net assets |
|---|---|---|
| New Jersey Education Association Employees' Retirement and Trust Fund | 620 | $371M |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Schi 401(k) Plan | School for Children With Hidden Intelligence Inc. | 524 | $4.7M | $8,959 |
| Gramon & Affiliates Profit Sharing Plan | Elo, Incorporated T/a the Gramon School | 495 | $26.3M | $53,031 |
| The Archway Programs Retirement Savings Plan | The Archway Programs | 536 | $15.6M | $29,112 |
| Celebrate the Children, Inc. Safe Harbor 401(k) Plan | Celebrate the Children, Inc. | 453 | $11.8M | $26,048 |
| Peddie School 403(b) Tda & DC Plan | The Peddie School | 542 | $94.8M | $174,966 |
| Sunny Days Early Childhood Development Services, Inc. 401(k) Plan | Sunny Days Early Childhood Development Services, Inc. | 451 | $23.8M | $52,733 |
Defined contribution plans in educational services closest in size.
Questions and answers
How big is Njea Supplemental Savings Plan?
501 participants at the end of the plan year ending 31 Aug 2025, of whom 394 were active employees, with net assets of $68,939,956. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does New Jersey Education Association contribute per participant?
The filing reports $84,140 in employer contributions for the year, which is $214 per active participant; the median for plans of the same type and size was $1,934 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $69,180 in compensation to service provider organisations, $138 per participant or 0.10% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were —. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is New Jersey Education Association. Recordkeeping or administration: T. Rowe Price Retirement Plan Servi. Investment advisory or management: CAPTRUST Financial Partners LLC. The financial statements were audited by Novak Francella, LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 12 Jun 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 21-0524390, plan 002, received 12 Jun 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.