Retirement plan

NEW YORK COMMUNITY BANCORP, INC. EMPLOYEE SAVINGS PLAN

Name: NEW YORK COMMUNITY BANCORP, INC. - NEW YORK COMMUNITY BANCORP, INC. EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: NEW YORK COMMUNITY BANCORP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW YORK COMMUNITY BANCORP, INC. EMPLOYEE SAVINGS PLAN, NEW YORK COMMUNITY BANCORP, INC.

NEW YORK COMMUNITY BANCORP, INC.EIN 06-1377322Plan #004PY 2016

102 DUFFY AVENUE - HICKSVILLE, NY 11801516-500-6686

Other plans on this EIN

2 filings

#003Retirement-$252.3M assets #005Retirement-$217.9M assets

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$192.8M

-5.6% from 2016

Total participants

3,986

-6.9% from 2016

Average account balance

$77,875

-2.0% from 2016

Annual return

6.63%

-2.28 pp from 2016

Benchmarks

See 529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort529 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$917.76M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$94K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

11,925

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+83.21%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$58

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.2+ years Service code 15 · EIN 13-3745616	Recordkeeping	$391,589

Plan features & details

Pension benefit codes2E2G2J2K2O3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$413K

$128 / participant

Other / not subdivided$413K100.0%

% of EOY assets

0.214%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KPMG, LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,875

$80,354-3.1%

$133,975-41.9%

$63,975+21.7%

Participation rate

53.3%

87.5%-34.2pp

87.1%-33.7pp

71.1%-17.8pp

Annual return

6.63%

13.11%-6.5pp

29.29%-22.7pp

48.65%-42.0pp

Employer contribution / active EE

$3,503-100.0%

$5,211-100.0%

$2,182-100.0%

Participant deferral / active EE

$2,811

$5,239-46.3%

$6,282-55.2%

$3,356-16.2%

Admin fee / account holder

$167

$69+140.9%

$9,324-98.2%

$70+137.1%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.2+ years

Service code 15 · EIN 13-3745616

Recordkeeping

$391,589

NEW YORK COMMUNITY BANCORP, INC. EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW YORK COMMUNITY BANCORP, INC. EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion