New Jersey Innovation Institute 401(k) match, vesting and fees
What New Jersey Innovation Institute's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Withumsmith+brown, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| New Jersey Innovation Institute: employer contribution per participant | $5,248 | |
| Peer median | $2,521 |
| New Jersey Innovation Institute: average balance | $54,474 | |
| Peer median | $75,833 |
| New Jersey Innovation Institute: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.27% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $6.6M at the end of plan year 2021 to $9.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 177 | $9.4M | $908K | $5,248 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 176 | $7.3M | $708K | $4,291 | 0.05% | Not published | Form 5500 ↗ |
| 2022 | 171 | $5.9M | $580K | $3,788 | 0.04% | Not published | Form 5500 ↗ |
| 2021 | 153 | $6.6M | $590K | $4,182 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does New Jersey Innovation Institute match 401(k) contributions?
The match terms for the New Jersey Innovation Institute Inc. Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $908K in employer contributions, about $5,248 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the New Jersey Innovation Institute 401(k) match vested?
The vesting schedule for the New Jersey Innovation Institute Inc. Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the New Jersey Innovation Institute 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is New Jersey Innovation Institute Inc.
I left New Jersey Innovation Institute. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (New Jersey Innovation Institute Inc, (973) 596-3357) or the recordkeeper, Principal Life Insurance Company. The New Jersey Innovation Institute old 401(k) page lists the contacts from every plan filing. Find an old New Jersey Innovation Institute 401(k)
Data from the public Form 5500 annual reports New Jersey Innovation Institute filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with New Jersey Innovation Institute. Not financial advice. Report a correction · Methodology