Retirement plan

HARVARD CLUB OF NEW YORK CITY OPERATING ENGINEERS

Name: HARVARD CLUB OF NEW YORK CITY - HARVARD CLUB OF NEW YORK CITY OPERATING ENGINEERS (2018) Form 5500
Creator: HARVARD CLUB OF NEW YORK CITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARVARD CLUB OF NEW YORK CITY OPERATING ENGINEERS, HARVARD CLUB OF NEW YORK CITY

HARVARD CLUB OF NEW YORK CITYEIN 13-0827620Plan #004PY 2018

35 WEST 44TH STREET - NEW YORK, NY 10036212-824-1227hcny.comLinkedIn201-500 employeeshospitality

Other plans on this EIN

3 filings

#002Retirement-$14.2M assets #003Retirement-$8.1M assets #005Retirement-$4.5M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$548K

-1.9% from 2017

Total participants

-7.1% from 2017

Average account balance

$54,805

+17.7% from 2017

Annual return

-5.46%

-24.31 pp from 2017

Benchmarks

See 7,242 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort7,242 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$800K

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

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.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$663

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

0 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 codes2F2G2J2T3D2E

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$23K

$2341 / participant

Other / not subdivided$23K100.0%

% of EOY assets

4.272%

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

$54,805

$104,106-47.4%

$71,086-22.9%

$135,379-59.5%

Participation rate

70.0%

65.7%+4.3pp

54.7%+15.3pp

82.6%-12.6pp

Annual return

-5.46%

1256.30%-1261.8pp

650.59%-656.0pp

519.79%-525.2pp

Employer contribution / active EE

$1,485-100.0%

$1,088-100.0%

$4,779-100.0%

Participant deferral / active EE

$3,666

$2,527+45.1%

$1,874+95.6%

$5,609-34.6%

Admin fee / account holder

$2,341

$4,142-43.5%

$3,082-24.0%

$10,828-78.4%

HARVARD CLUB OF NEW YORK CITY OPERATING ENGINEERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARVARD CLUB OF NEW YORK CITY OPERATING ENGINEERS

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