New Jersey › Other services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
New Jersey Hospital Association Cash Balance Plan
Sponsored by New Jersey Hospital Association, Princeton, 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.
In the plan year ending 31 Dec 2024, New Jersey Hospital Association Cash Balance Plan covered 245 participants and held $23.7M in net assets. The plan is a cash balance pension plan sponsored by New Jersey Hospital Association of Princeton, New Jersey.
Net assets came to $96,718 per participant, above the $80,635 median for defined benefit plans with 100 to 249 participants and below the $110,377 median for defined benefit plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $375K for the year ($3,472 per active participant) and benefits paid were $2.4M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $60K: $245 per participant, well below the same-size median of $451. Administrative expenses charged to the plan were $85K. 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 $17.1M in 2012 to $23.7M in 2024 (up 39%), and participants from 276 to 245 (down 11%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $96,718 | $80,635 | $110,377 | $86,221 |
| Employer contributions per active participant | $3,472 | $9,975 | $13,001 | $10,244 |
| Schedule C compensation per participant | $245 | $451 | $486 | $344 |
| Schedule C compensation, share of net assets | 0.25% | 0.52% | 0.44% | 0.42% |
| Administrative expenses per participant | $347 | $582 | $662 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), other services (226) and all US plans (5,308). 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 | 245 | $23.7M | $96,718 | $375K | — | $60K |
| 2023 | 247 | $24.0M | $97,028 | $563K | — | $82K |
| 2022 | 252 | $22.7M | $90,103 | $750K | — | $86K |
| 2021 | 255 | $27.0M | $105,902 | $750K | — | $77K |
| 2020 | 271 | $27.1M | $99,823 | $750K | — | $189K |
| 2019 | 275 | $24.7M | $89,691 | $750K | — | $65K |
| 2018 | 285 | $20.9M | $73,502 | $750K | — | $77K |
| 2017 | 294 | $22.4M | $76,054 | $750K | — | $66K |
| 2016 | 292 | $19.9M | $68,257 | $750K | — | $76K |
| 2015 | 286 | $18.9M | $66,252 | $750K | — | $81K |
| 2014 | 298 | $19.2M | $64,419 | $750K | — | $103K |
| 2013 | 281 | $19.3M | $68,708 | $1.3M | — | $85K |
| 2012 | 276 | $17.1M | $61,928 | $1.3M | — | $100K |
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$23,966,269
- Employer contributions$375,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$375,000
- Total income, including investment results$2,249,110
- Benefits paid$2,434,451
- Administrative expenses$85,061
- Total expenses$2,519,512
- Net income−$270,402
- Net transfers$0
- Net assets, end of year$23,695,867
Participants
- Active participants108
- Retired or separated, receiving benefits55
- Retired or separated, entitled to future benefits76
- Total participants, end of year245
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Buck Global, LLC | Actuarial; Consulting (pension) | $44,861 | $0 |
| The Concord Advisory Group | Investment advisory (plan) | $8,186 | $0 |
| U.S. Bank National Association | Direct payment from the plan; Investment management fees paid directly by plan | $7,067 | $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.
Administrative expenses on Schedule H
- Actuarial fees$44,861
- Other administrative expenses$24,947
- Investment advisory and management fees$8,186
- Trustee and custodial fees$7,067
- Total administrative expenses$85,061
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)$22.6M · 95.4%
- Cash (interest and non-interest bearing)$718K · 3.0%
- Receivables$378K · 1.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBaker Tilly US, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- Blackout period during the year—
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
1ABenefits are primarily pay related1CCash balance or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813000: Religious, Grantmaking, Civic, Professional, & Similar Organizations (including condominium and homeowners associations).
Other plans of New Jersey Hospital Association
| Plan | Participants | Net assets |
|---|---|---|
| New Jersey Hospital Association Salary Deferral Plan | 200 | $37.4M |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Local No. 171 Pension Plan | Local No. 171 Pension Plan | 255 | $1.0M | $3,983 |
| Exhibition Employees Local 829 Pension Fund | Board of Trustees Exhibition Employees Local 829 | 243 | $21.3M | $87,646 |
| The Tenacre Foundation Pension Plan | Tenacre Foundation | 307 | $60.8M | $198,104 |
| Cedar Park Cemetery Employees' Pension Plan | Cedar Park Cemetery | 214 | $47.7M | $222,813 |
| Teamsters Joint Council No. 73 Pension & Trust Fund | Trustees of Teamsters Joint Council No. 73 Pension & Trust Fund | 339 | $34.6M | $101,993 |
| Teamsters Local 418 Pension Plan | Teamsters Local 418 Pension Fund | 192 | $3.3M | $17,309 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is New Jersey Hospital Association Cash Balance Plan?
245 participants at the end of the plan year ending 31 Dec 2024, of whom 108 were active employees, with net assets of $23,695,867. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does New Jersey Hospital Association contribute per participant?
The filing reports $375,000 in employer contributions for the year, which is $3,472 per active participant; the median for plans of the same type and size was $9,975 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 $60,114 in compensation to service provider organisations, $245 per participant or 0.25% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $85,061. 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 Hospital Association. Investment advisory or management: The Concord Advisory Group. The financial statements were audited by Baker Tilly US, LLP. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 7 Oct 2025. 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 21-0618622, plan 013, received 7 Oct 2025; 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.