Retirement plan

42ND STREET DEVELOPMENT CORPORATION TAX DEFERRED ANNUITY PLAN

Name: 42ND STREET DEVELOPMENT CORPORATION - 42ND STREET DEVELOPMENT CORPORATION TAX DEFERRED ANNUITY PLAN (2017) Form 5500
Creator: 42ND STREET DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 42ND STREET DEVELOPMENT CORPORATION TAX DEFERRED ANNUITY PLAN, 42ND STREET DEVELOPMENT CORPORATION

42ND STREET DEVELOPMENT CORPORATIONEIN 13-2852371Plan #001PY 2017

330 W. 42ND STREET 17TH FLOOR - NEW YORK, NY 10036212-695-4242bfany.orgLinkedIn11-50 employeesperforming arts

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.9M

+5.9% from 2016

Total participants

0.0% from 2016

Average account balance

$144,756

+5.9% from 2016

Annual return

6.63%

+2.05 pp from 2016

Benchmarks

See 32,061 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,061 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.45M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

103.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$228K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5759

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 codes2G2L2T

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

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

$225K

$11846 / participant

Other / not subdivided$225K100.0%

% of EOY assets

7.774%

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

$144,756

$99,031+46.2%

$86,597+67.2%

$147,585-1.9%

Participation rate

100.0%

76.3%+23.7pp

73.5%+26.5pp

82.8%+17.2pp

Annual return

6.63%

1312.56%-1305.9pp

964.96%-958.3pp

578.57%-571.9pp

Employer contribution / active EE

$6,571

$3,132+109.8%

$2,840+131.4%

$4,876+34.7%

Participant deferral / active EE

$4,289

$3,972+8.0%

$3,609+18.8%

$5,439-21.1%

Admin fee / account holder

$11,254

$5,711+97.1%

$4,906+129.4%

$10,885+3.4%

42ND STREET DEVELOPMENT CORPORATION TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

42ND STREET DEVELOPMENT CORPORATION TAX DEFERRED ANNUITY 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