Money Purchase · DOL Form 5500 · 2023

The Connell Company Money Purchase Plan

Data updated 2026-08-11

$120M
Total assets
132
Participants
92nd
Percentile by assets
$912,230
Avg per participant
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Official DOL plan name: The Connell Company Retirement Plan · Sponsored by The Connell Company · New Jersey · Real Estate

$120M in assets, 132 participants

The Connell Company's The Connell Company Retirement Plan reported $120M in total assets and 132 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 92nd percentile by assets (of 127,072 plans)
  • #4,629 in Real Estate (4,727 peers)

Coverage in New Jersey

The Connell Company Retirement Plan covers 132 participants in New Jersey, about 16% of the average New Jersey filer (state average ~844 per filing). Assets: $120M.

$120M
total plan assets (2023 EOY)
132
covered participants
92nd
percentile by assets (of 127,072 plans)
$912,230
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Connell Company Retirement Plan reported net income rose from $13M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • The Connell Company Retirement Plan end-of-year assets rose from $103M in the plan year 2022 filing to $120M in the plan year 2023 filing.
  • The Connell Company Retirement Plan reported participants rose from 118 in the plan year 2022 filing to 132 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Industry

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. The Connell Company Retirement Plan reports 132 participants - about 16% of that state average ($120M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)$103M
Net Assets (End of Year)$120M
Net Income$17M
Employer EIN221629235
Plan Effective Date1956-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Connell Company)

$100M$110M$120M$130M$140M 202220232024 $103M $130M ▲ +25.8%
Total plan assets by year, all The Connell Company plans on file
Year Plans Participants Total Assets
2022 1 118 $103M
2023 1 132 $120M
2024 1 143 $130M

Nearby Money Purchase Plans in New Jersey

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

The Connell Company Retirement Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants

The Connell Company Retirement Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000200040006000 02004006008001000 Total assets ($M) Participants The Connell Company …Local 68 Engineers U…Nysa-Ila Money Purch…Educational Testing …Ironworkers Local 11…Plumbers & Pipefitte…
The Connell Company Retirement Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to The Connell Company Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did The Connell Company Retirement Plan assets move in 2023?
The Connell Company Retirement Plan grew sharply - up 16.7% during 2023, from $103M to $120M. Reported net income was $17M.
How have The Connell Company plan assets changed over time?
Across 3 plan years on file (2022-2024), The Connell Company's sponsor-wide assets grew 25.8%, from $103M to $130M.
Where does The Connell Company Retirement Plan rank by assets among Form 5500 filers?
The Connell Company Retirement Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Money Purchase plans are similar in size to The Connell Company Retirement Plan?
Among Money Purchase plans in other states, the closest by assets is Bergelectric Corporation Money Purchase Pension Plan in CA ($120M, 1,913 participants).

Next read for The Connell Company Retirement Plan

Filing takeaways

Ways to act on The Connell Company Retirement Plan's numbers.

  • By total assets, The Connell Company Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Money Purchase plans in New Jersey. Compare plans
  • The Connell Company's sponsor-wide assets have grown 25.8% since 2022 across 3 plan years on file. More Real Estate plans