Retirement plan

NYLPI TAX SHELTERED ANNUITY PLAN

Name: NEW YORK LAWYERS FOR THE PUBLIC INTEREST, INC. - NYLPI TAX SHELTERED ANNUITY PLAN (2023) Form 5500
Creator: NEW YORK LAWYERS FOR THE PUBLIC INTEREST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NYLPI TAX SHELTERED ANNUITY PLAN, NEW YORK LAWYERS FOR THE PUBLIC INTEREST, INC.

NEW YORK LAWYERS FOR THE PUBLIC INTEREST, INC.EIN 13-2860703Plan #001PY 2023

151 W 30TH ST FL 11 - NEW YORK, NY 10001212-244-4664nylpi.orgLinkedIn11-50 employeeslaw practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.8M

+22.7% from 2022

Total participants

+3.8% from 2022

Average account balance

$141,768

+16.2% from 2022

Annual return

18.64%

+36.47 pp from 2022

Benchmarks

See 9,816 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,816 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.96M

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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.

216.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$557K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$483

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 codes2E2F2G2L2M2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$122K

$3943 / participant

Other / not subdivided$122K100.0%

% of EOY assets

1.134%

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

$141,768

$57,312+147.4%

$86,617+63.7%

$75,181+88.6%

Participation rate

83.9%

63.2%+20.7pp

71.7%+12.2pp

67.2%+16.7pp

Annual return

18.64%

2672.78%-2654.1pp

591.91%-573.3pp

160.69%-142.0pp

Employer contribution / active EE

$6,526

$2,315+181.8%

$3,023+115.8%

$2,671+144.4%

Participant deferral / active EE

$8,870

$3,319+167.2%

$4,437+99.9%

$4,126+115.0%

Admin fee / account holder

$1,608

$4,114-60.9%

$5,613-71.3%

$5,650-71.5%

NYLPI TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NYLPI TAX SHELTERED 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