Retirement plan

SAVINGS PLAN FOR EMPLOYEES OF THE PARTNERSHIP FOR NEW YORK CITY, INC.

Name: THE PARTNERSHIP FOR NEW YORK CITY, INC. - SAVINGS PLAN FOR EMPLOYEES OF THE PARTNERSHIP FOR NEW YORK CITY, INC. (2021) Form 5500
Creator: THE PARTNERSHIP FOR NEW YORK CITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS PLAN FOR EMPLOYEES OF THE PARTNERSHIP FOR NEW YORK CITY, INC., THE PARTNERSHIP FOR NEW YORK CITY, INC.

THE PARTNERSHIP FOR NEW YORK CITY, INC.EIN 13-3056559Plan #002PY 2021

ONE BATTERY PARK PLAZA 5TH FL - NEW YORK, NY 10004212-493-7577partnershipfundnyc.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$20.8M

+6.9% from 2020

Total participants

-2.4% from 2020

Average account balance

$262,961

+9.6% from 2020

Annual return

15.22%

+4.99 pp from 2020

Benchmarks

See 8,925 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,925 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$24.97M

Not enough data

1 years with asset history on file

Average account balance

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

$367K

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.

194.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$987K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+16.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5119

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,343

Plan features & details

Pension benefit codes2F2G2J2K2T3B3D

Plan features

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$9K

$253 / participant

Contract admin$9K100.0%

% of EOY assets

0.045%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MITCHELL AND TITUS, LLP
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$262,961

$65,409+302.0%

$98,442+167.1%

$85,850+206.3%

Participation rate

97.3%

65.0%+32.3pp

73.3%+24.0pp

69.3%+28.0pp

Annual return

15.22%

21.76%-6.5pp

1492.73%-1477.5pp

318.53%-303.3pp

Employer contribution / active EE

$8,659

$2,168+299.5%

$2,960+192.6%

$2,565+237.6%

Participant deferral / active EE

$15,958

$3,166+404.0%

$4,276+273.2%

$3,952+303.8%

Admin fee / account holder

$118

$4,593-97.4%

$5,949-98.0%

$6,260-98.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,343

SAVINGS PLAN FOR EMPLOYEES OF THE PARTNERSHIP FOR NEW YORK CITY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS PLAN FOR EMPLOYEES OF THE PARTNERSHIP FOR NEW YORK CITY, INC.

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