Retirement plan

UNION CLUB 401(K) PLAN

Name: UNION CLUB OF THE CITY OF NEW YORK, INC. - UNION CLUB 401(K) PLAN (2022) Form 5500
Creator: UNION CLUB OF THE CITY OF NEW YORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNION CLUB 401(K) PLAN, UNION CLUB OF THE CITY OF NEW YORK, INC.

UNION CLUB OF THE CITY OF NEW YORK, INC.EIN 13-1421810Plan #003PY 2022

101 EAST 69TH STREET - NEW YORK, NY 10021212-734-5400theunionclub.comLinkedIn51-200 employeescivic & social organization

Other plans on this EIN

1 filing

#002Retirement-$2.1M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.1M

-22.2% from 2021

Total participants

-5.0% from 2021

Average account balance

$119,020

-22.2% from 2021

Annual return

-22.22%

-41.38 pp from 2021

Benchmarks

See 39,277 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.31M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$219K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+19.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6193

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 codes2E2F2G2J3D

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.
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

$185K

$15456 / participant

Other / not subdivided$185K100.0%

% of EOY assets

8.657%

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

$119,020

$92,766+28.3%

$82,763+43.8%

$134,545-11.5%

Participation rate

91.7%

75.2%+16.5pp

72.6%+19.1pp

81.2%+10.4pp

Annual return

-22.22%

946.97%-969.2pp

702.45%-724.7pp

418.37%-440.6pp

Employer contribution / active EE

$4,533

$3,273+38.5%

$3,008+50.7%

$4,742-4.4%

Participant deferral / active EE

$10,996

$4,802+129.0%

$4,395+150.2%

$6,401+71.8%

Admin fee / account holder

$10,304

$5,978+72.4%

$5,325+93.5%

$11,431-9.9%

UNION CLUB 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNION CLUB 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