Retirement plan

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

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

HARVARD CLUB OF NEW YORK CITYEIN 13-0827620Plan #005PY 2018

35 WEST 44TH STREET - NEW YORK, NY 10036212-827-1227hcny.comLinkedIn201-500 employeeshospitality

Other plans on this EIN

3 filings

#002Retirement-$14.2M assets #003Retirement-$8.1M assets #004Retirement-$548K assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.5M

-6.5% from 2017

Total participants

224

+3.7% from 2017

Average account balance

$35,979

-14.1% from 2017

Annual return

-3.35%

-19.88 pp from 2017

Benchmarks

See 864 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort864 peers

Snapshot2018

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$5,651
HEALTHCARE COMMUNITY SECURITIES COR1 year Service code 27 ONE EMPIRE DRIVE · RENSSELAER, NY 12144	Advisory (Plan)	$2,500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$152

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$38 / participant

Contract admin$8K100.0%

% of EOY assets

0.186%

all-in expense ratio

Categories reported

1 / 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 & DONNEL
Auditor EIN: 133628255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,979

$28,109+28.0%

$71,089-49.4%

$56,289-36.1%

Participation rate

54.5%

40.4%+14.1pp

54.6%-0.1pp

69.9%-15.3pp

Annual return

-3.35%

-615.05%+611.7pp

650.65%-654.0pp

-9.96%+6.6pp

Employer contribution / active EE

$558-100.0%

$1,088-100.0%

$2,111-100.0%

Participant deferral / active EE

$2,496

$1,116+123.7%

$1,873+33.3%

$3,350-25.5%

Admin fee / account holder

$67

$585-88.5%

$3,082-97.8%

$521-87.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$5,651

HEALTHCARE COMMUNITY SECURITIES COR1 year

Service code 27

ONE EMPIRE DRIVE · RENSSELAER, NY 12144

Advisory (Plan)

$2,500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$152

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

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 LOCAL 6 401(K) 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