Retirement plan

NEWSPAPER AND MAIL DELIVERERS UNION OF NEW YORK STAFF 401(K) PLAN

Name: NEWSPAPER & MAIL DELIVERERS UNION OF NEW YORK CITY - NEWSPAPER AND MAIL DELIVERERS UNION OF NEW YORK STAFF 401(K) PLAN (2018) Form 5500
Creator: NEWSPAPER & MAIL DELIVERERS UNION OF NEW YORK CITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWSPAPER AND MAIL DELIVERERS UNION OF NEW YORK STAFF 401(K) PLAN, NEWSPAPER & MAIL DELIVERERS UNION OF NEW YORK CITY

NEWSPAPER & MAIL DELIVERERS UNION OF NEW YORK CITYdba VICINITYEIN 13-2577720Plan #001PY 2018

31-00 47TH AVE STE 3100 - LONG ISLAND CITY, NY 111013050646-380-8521LinkedIn11-50 employeesinsurance

Prospect flagsLow participationLow fidelity bondFailed to transmit contributionsWind-down / frozen

How to read this page

Total assets (EOY)

$12.6M

+19.6% from 2017

Total participants

127

-3.8% from 2017

Average account balance

$102,321

+25.5% from 2017

Annual return

19.56%

+5.03 pp from 2017

Benchmarks

See 33,727 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,727 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.28M

Not enough data

1 years with asset history on file

Average account balance

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

$273K

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.

2800.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

-0.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3648

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

Top 1 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC4+ years Filed as: T ROWE PRICE RPS INC. Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2J

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).
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NOVAK FRANCELLA LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,321

$90,606+12.9%

$79,466+28.8%

$135,379-24.4%

Participation rate

20.0%

76.0%-56.0pp

73.3%-53.3pp

82.6%-62.6pp

Annual return

19.56%

977.69%-958.1pp

718.28%-698.7pp

519.79%-500.2pp

Employer contribution / active EE

$3,068-100.0%

$2,800-100.0%

$4,779-100.0%

Participant deferral / active EE

$8,069

$4,050+99.2%

$3,704+117.9%

$5,609+43.9%

Admin fee / account holder

$5,895-100.0%

$5,104-100.0%

$10,828-100.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC4+ years

Filed as: T ROWE PRICE RPS INC.

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

NEWSPAPER AND MAIL DELIVERERS UNION OF NEW YORK STAFF 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NEWSPAPER AND MAIL DELIVERERS UNION OF NEW YORK STAFF 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion