Retirement plan

HARVARD CLUB OF NEW YORK CITY HOTEL, RESTAURANT & CLUB EMPLOYEES & BARTENDERS UNION LOCAL 6 401(K)

Name: HARVARD CLUB OF NEW YORK CITY - HARVARD CLUB OF NEW YORK CITY HOTEL, RESTAURANT & CLUB EMPLOYEES & BARTENDERS UNION LOCAL 6 401(K) (2016) 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 HOTEL, RESTAURANT & CLUB EMPLOYEES & BARTENDERS UNION LOCAL 6 401(K), HARVARD CLUB OF NEW YORK CITY

HARVARD CLUB OF NEW YORK CITYEIN 13-0827620Plan #005PY 2016

27 WEST 44TH STREET - NEW YORK, NY 10036212-827-1224hcny.comLinkedIn201-500 employeeshospitality

Other plans on this EIN

3 filings

#002Retirement-$10.2M assets #003Retirement-$5.9M assets #004Retirement-$454K assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$4.1M

+13.5% from 2015

Total participants

108

-0.9% from 2015

Average account balance

$41,821

+10.0% from 2015

Annual return

5.24%

+5.06 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.66M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

105

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.

59.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$503K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,906

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4K

$37 / participant

Investment mgmt$1564.0%
Contract admin$4K92.8%
Other / not subdivided$1253.2%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CONDON O'MEARA MCGINTY & DONNELLY L
Auditor EIN: 133628255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,821

$43,423-3.7%

$78,676-46.8%

$55,167-24.2%

Participation rate

89.5%

68.0%+21.5pp

73.6%+16.0pp

69.0%+20.5pp

Annual return

5.24%

11.53%-6.3pp

62.19%-56.9pp

169.23%-164.0pp

Employer contribution / active EE

$1,997-100.0%

$2,850-100.0%

$1,963-100.0%

Participant deferral / active EE

$4,251

$2,509+69.4%

$3,517+20.9%

$3,054+39.2%

Admin fee / account holder

$40

$416-90.3%

$4,510-99.1%

$504-92.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,906

HARVARD CLUB OF NEW YORK CITY HOTEL, RESTAURANT & CLUB EMPLOYEES & BARTENDERS UNION LOCAL 6 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARVARD CLUB OF NEW YORK CITY HOTEL, RESTAURANT & CLUB EMPLOYEES & BARTENDERS UNION LOCAL 6 401(K)

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