Retirement plan

MAKE THE ROAD NEW YORK 401(K) PROFIT SHARING PLAN AND TRUST

Name: MAKE THE ROAD NEW YORK - MAKE THE ROAD NEW YORK 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: MAKE THE ROAD NEW YORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAKE THE ROAD NEW YORK 401(K) PROFIT SHARING PLAN AND TRUST, MAKE THE ROAD NEW YORK

MAKE THE ROAD NEW YORKEIN 11-3344389Plan #001PY 2024

301 GROVE STREET - BROOKLYN, NY 11237718-565-8500maketheroadny.orgLinkedIn51-200 employeescivic & social organization

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$12.1M

+26.9% from 2023

Total participants

478

+8.6% from 2023

Average account balance

$31,826

+22.6% from 2023

Annual return

12.73%

-6.04 pp from 2023

Benchmarks

See 1,034 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,034 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.09M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

380

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.

72.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$27,544
CETERA ADVISOR NETWORKS LLC3 years Filed as: CETERA ADVISORS LLC Service code 55 · EIN 84-0858799	Other Commissions	$24,931

Plan features & details

Pension benefit codes2J2K2T2E2F3D2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$28K

$78 / participant

Recordkeeping$28K100.0%

% of EOY assets

0.228%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH BROWN
Auditor EIN: 222027092
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,826

$66,004-51.8%

$81,820-61.1%

$77,714-59.0%

Participation rate

72.2%

65.8%+6.4pp

72.4%-0.2pp

70.6%+1.6pp

Annual return

12.73%

26.65%-13.9pp

777.93%-765.2pp

31.26%-18.5pp

Employer contribution / active EE

$2,403

$2,375+1.2%

$2,915-17.6%

$2,727-11.9%

Participant deferral / active EE

$3,696

$3,508+5.4%

$4,323-14.5%

$4,649-20.5%

Admin fee / account holder

$72

$527-86.2%

$7,391-99.0%

$433-83.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$27,544

CETERA ADVISOR NETWORKS LLC3 years

Filed as: CETERA ADVISORS LLC

Service code 55 · EIN 84-0858799

Other Commissions

$24,931

MAKE THE ROAD NEW YORK 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAKE THE ROAD NEW YORK 401(K) PROFIT SHARING PLAN AND TRUST

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