Retirement plan

FUND FOR THE CITY OF NEW YORK PENSION & 401(K) PROFIT SHARING PLAN

Name: FUND FOR THE CITY OF NEW YORK, INC. - FUND FOR THE CITY OF NEW YORK PENSION & 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: FUND FOR THE CITY OF NEW YORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FUND FOR THE CITY OF NEW YORK PENSION & 401(K) PROFIT SHARING PLAN, FUND FOR THE CITY OF NEW YORK, INC.

FUND FOR THE CITY OF NEW YORK, INC.EIN 13-2612524Plan #004PY 2024

121 SIXTH AVENUE, 6TH FLOOR - NEW YORK, NY 100131510212-925-6675fcny.orgLinkedIn501-1000 employeesnon-profit organization management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$104.7M

+10.1% from 2023

Total participants

1,147

+2.8% from 2023

Average account balance

$92,709

+7.3% from 2023

Annual return

13.55%

-3.61 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$104.67M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

1,129

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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 2 by compensation

Provider	Service type	Compensation
PATTERSON,BELKNAP,WEBB & TYLER1 year Filed as: PATTERSON BELKNAPP WEBB & TYLER LLP Service code 29 · EIN 13-5622951	Legal	$18,013
FIDUCIENT ADVISORS LLC1 year Filed as: FIDUCIENT ADVISORS, LLC Service code 16 · EIN 36-4001764	Consulting	$8,658

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$33K

$72 / participant

Contract admin$33K100.0%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,709

$65,960+40.6%

$81,844+13.3%

$77,736+19.3%

Participation rate

96.1%

65.8%+30.3pp

72.4%+23.7pp

70.6%+25.5pp

Annual return

13.55%

26.64%-13.1pp

778.87%-765.3pp

31.26%-17.7pp

Employer contribution / active EE

$5,935

$2,375+149.9%

$2,916+103.5%

$2,728+117.6%

Participant deferral / active EE

$5,384

$3,505+53.6%

$4,323+24.5%

$4,651+15.8%

Admin fee / account holder

$29

$526-94.4%

$7,355-99.6%

$433-93.2%

Provider

Service type

Compensation

PATTERSON,BELKNAP,WEBB & TYLER1 year

Filed as: PATTERSON BELKNAPP WEBB & TYLER LLP

Service code 29 · EIN 13-5622951

Legal

$18,013

FIDUCIENT ADVISORS LLC1 year

Filed as: FIDUCIENT ADVISORS, LLC

Service code 16 · EIN 36-4001764

Consulting

$8,658

FUND FOR THE CITY OF NEW YORK PENSION & 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FUND FOR THE CITY OF NEW YORK PENSION & 401(K) PROFIT SHARING 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