Retirement plan

BROOKLYN NAVY YARD DEVELOPMENT CORP. PENSION PLAN

Name: BROOKLYN NAVY YARD DEVELOPMENT CORP. - BROOKLYN NAVY YARD DEVELOPMENT CORP. PENSION PLAN (2017) Form 5500
Creator: BROOKLYN NAVY YARD DEVELOPMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROOKLYN NAVY YARD DEVELOPMENT CORP. PENSION PLAN, BROOKLYN NAVY YARD DEVELOPMENT CORP.

BROOKLYN NAVY YARD DEVELOPMENT CORP.EIN 11-2137138Plan #001PY 2017

BROOKLYN NAVY YARD, BUILDING 292, 63 FLUSHING AVENUE, UNIT 300 - BROOKLYN, NY 112051054718-907-5900brooklynnavyyard.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$897K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9.5M

+8.5% from 2016

Total participants

113

+9.7% from 2016

Average account balance

$84,449

-1.1% from 2016

Annual return

8.14%

+0.64 pp from 2016

Benchmarks

See 3,455 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,455 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.41M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

174

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2G2R2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$13097 / participant

Other / not subdivided$1M100.0%

% of EOY assets

10.705%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,449

$62,672+34.7%

$185,117-54.4%

$70,126+20.4%

Participation rate

100.0%

63.8%+36.2pp

77.3%+22.7pp

69.5%+30.5pp

Annual return

8.14%

40.79%-32.6pp

40.50%-32.4pp

73.15%-65.0pp

Employer contribution / active EE

$11,816

$1,753+574.0%

$4,182+182.6%

$2,343+404.4%

Participant deferral / active EE

$3,272-100.0%

$5,045-100.0%

$3,332-100.0%

Admin fee / account holder

$9,041

$3,932+129.9%

$8,159+10.8%

$4,645+94.6%

BROOKLYN NAVY YARD DEVELOPMENT CORP. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROOKLYN NAVY YARD DEVELOPMENT CORP. PENSION 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