Retirement plan

42ND STREET DEVELOPMENT CORPORATION TAX DEFERRED ANNUITY PLAN

Name: BUILDING FOR THE ARTS NY, INC. - 42ND STREET DEVELOPMENT CORPORATION TAX DEFERRED ANNUITY PLAN (2024) Form 5500
Creator: BUILDING FOR THE ARTS NY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 42ND STREET DEVELOPMENT CORPORATION TAX DEFERRED ANNUITY PLAN, BUILDING FOR THE ARTS NY, INC.

BUILDING FOR THE ARTS NY, INC.EIN 13-2852371Plan #001PY 2024

412 WEST 42ND STREET, 5TH FLOOR - NEW YORK, NY 10036212-695-4158bfany.orgLinkedIn11-50 employeesperforming arts

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.5M

+10.5% from 2023

Total participants

+16.7% from 2023

Average account balance

$123,268

-5.3% from 2023

Annual return

8.35%

+0.48 pp from 2023

Benchmarks

See 10,680 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,680 peers

Snapshot2024

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

$161K

$5973 / participant

Other / not subdivided$161K100.0%

% of EOY assets

4.672%

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

$123,268

$58,241+111.6%

$81,780+50.7%

$80,911+52.4%

Participation rate

100.0%

63.4%+36.6pp

72.4%+27.6pp

67.6%+32.4pp

Annual return

8.35%

41.73%-33.4pp

776.27%-767.9pp

35.63%-27.3pp

Employer contribution / active EE

$5,737

$2,343+144.8%

$2,914+96.9%

$2,756+108.2%

Participant deferral / active EE

$2,709

$3,283-17.5%

$4,321-37.3%

$4,297-37.0%

Admin fee / account holder

$5,759

$4,973+15.8%

$7,384-22.0%

$6,935-16.9%

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