South Jersey Industries 401(k) match, vesting and fees
What South Jersey Industries' 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 | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 88 defined-contribution plans in utilities with 1,000 to 4,999 participants.
| South Jersey Industries: employer contribution per participant | $3,973 | |
| Peer median | $5,211 |
| South Jersey Industries: average balance | $158,703 | |
| Peer median | $181,622 |
| South Jersey Industries: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.08% |
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 $219M at the end of plan year 2021 to $245M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,571 | $245M | $6.1M | $3,973 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 1,548 | $219M | $5M | $3,324 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 1,565 | $212M | $5M | $3,386 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 1,504 | $219M | $5.7M | $3,910 | <0.01% | Not published | Form 5500 ↗ |
Other South Jersey Industries plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Retirement Plan for Bargaining Unit Employees of South Jersey Industries, Inc.
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.
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
South Jersey Industries, Inc. Retirement Plan for Elizabethtown and Elkton Gas Employees
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.
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Retirement Plan for Employees of South Jersey Industries, Inc.
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.
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does South Jersey Industries match 401(k) contributions?
The match terms for the South Jersey Industries, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $6.1M in employer contributions, about $3,973 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the South Jersey Industries 401(k) match vested?
The vesting schedule for the South Jersey Industries, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the South Jersey Industries 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is South Jersey Industries, Inc..
I left South Jersey Industries. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (South Jersey Industries, Inc., (609) 561-9000) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The South Jersey Industries old 401(k) page lists the contacts from every plan filing. Find an old South Jersey Industries 401(k)
Data from the public Form 5500 annual reports South Jersey Industries 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 South Jersey Industries. Not financial advice. Report a correction · Methodology