Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › South Jersey Industries
South Jersey Industries 401(k)
- Utilities
- Folsom, NJ
- EIN 22-1901645
- 1 plan with Schedule H financials
- Plan year 2024
- South Jersey Industries, Inc.
- SEC registrant South Jersey Industries Inc
Administrative expenses excluding investment management, per participant · South Jersey Industries, Inc. 401(k) Plan · plan year 2024
$7.04
Higher than 4% of the 8,758 plans $50 to 250M that report it.
Source
= $10,871 / 1,544
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251001124108NAL0005929347001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001124108NAL0005929347001, received 2025-10-01
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-01.
Cost and contributions
Administrative expenses per participant
$7.04
Higher than 2% of the 9,042 plans $50 to 250M that report it.
Source
= $10,871 / 1,544
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001124108NAL0005929347001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001124108NAL0005929347001, received 2025-10-01
Administrative expenses as a share of assets
0.004%
Higher than 3% of the 9,049 plans $50 to 250M that report it.
Source
= $10,871 / $245,036,821
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001124108NAL0005929347001, received 2025-10-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001124108NAL0005929347001, received 2025-10-01
Employer contributions per participant
$3,973
Higher than 68% of the 9,105 plans $50 to 250M that report it.
Source
= $6,134,863 / 1,544
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001124108NAL0005929347001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001124108NAL0005929347001, received 2025-10-01
Employer share of total contributions
32.4%
Higher than 59% of the 9,112 plans $50 to 250M that report it.
Source
= $6,134,863 / $18,946,910
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001124108NAL0005929347001, received 2025-10-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251001124108NAL0005929347001, received 2025-10-01
Plan terms, as stated in South Jersey Industries, Inc.'s SEC filings
Plan terms are described in South Jersey Industries, Inc.'s SEC filings: Form 11-K filed 2022-06-27 and Form 10-K filed 2022-02-24. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251001124108NAL0005929347001, received 2025-10-01
Full record, South Jersey Industries, Inc. 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SOUTH JERSEY INDUSTRIES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Plan name | SOUTH JERSEY INDUSTRIES, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Sponsor EIN / plan number | 22-1901645 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Plan type | multiple-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Sponsor location | FOLSOM, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Industry (business code) | 221210, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Filing received | 2025-10-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Participants, beginning of year | 1,548 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Active participants | 1,267 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Participants, end of year | 1,571 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Participants with an account balance | 1,544 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Total assets, beginning of year | $219,353,768 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Total assets, end of year | $245,036,821 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Net assets, end of year | $245,036,821 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Total income | $44,051,070 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Net income | $26,140,826 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Employer contributions | $6,134,863 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Participant contributions | $11,647,120 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Other contributions (incl. rollovers) | $1,164,927 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Total contributions | $18,946,910 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Benefit payments | $17,899,373 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Total expenses (incl. benefit payments) | $17,910,244 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Total administrative expenses | $10,871 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Contract administrator fees | $10,845 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Administrative expenses excluding investment management | $10,871 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Held in common/collective trusts | $45,918,254 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Held in mutual funds | $194,161,446 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251001124108NAL0005929347001, received 2025-10-01 |
| Independent auditor | BDO USA, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251001124108NAL0005929347001, received 2025-10-01 |
Position = column in the DOL layout for form year 2024. Filing 20251001124108NAL0005929347001, received 2025-10-01.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND Srecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 60 Sub-transfer agency fees; 62 Float revenue; 63 Distribution (12b-1) fees; 72 Other investment fees and expenses | $10,845 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251001124108NAL0005929347001, received 2025-10-01.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $219,353,768 | $245,036,821 | 11.7% |
| Participants with a balance | 1,508 | 1,544 | 2.4% |
| Administrative expenses | $12,055 | $10,871 | -9.8% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $5,012,689 | $6,134,863 | 22.4% |
Prior filing 20241014175503NAL0015385827001, received 2024-10-14; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: SOUTH JERSEY INDUSTRIES, INC.; SEC registrant: SOUTH JERSEY INDUSTRIES INC (CIK 91928, matched by EIN).