Retirement plan

TAX DEFERRED SAVINGS PLAN

Name: 34TH STREET PARTNERSHIP, INC. - TAX DEFERRED SAVINGS PLAN (2021) Form 5500
Creator: 34TH STREET PARTNERSHIP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED SAVINGS PLAN, 34TH STREET PARTNERSHIP, INC.

34TH STREET PARTNERSHIP, INC.EIN 13-3629973Plan #002PY 2021

1065 AVE OF THE AMERICAS FL 24 - NEW YORK, NY 10018212-719-343434thstreet.orgLinkedIn51-200 employeesarchitecture & planning

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$18.1M

+13.2% from 2020

Total participants

312

+19.1% from 2020

Average account balance

$62,755

-3.2% from 2020

Annual return

17.50%

+4.10 pp from 2020

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.35M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

473

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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
VOYA RETIREMENT INSURANCE & ANNUITY5 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$54,045
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLZ FL 12 · NEW YORK, NY 10004	Other Commissions	$38,192

Plan features & details

Pension benefit codes2F2G2L2M2S2T3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$54K

$248 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.298%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRUBER PALUMERI RAFFAELE FRIED, P.C
Auditor EIN: 132696850
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,755

$70,879-11.5%

$189,575-66.9%

$79,391-21.0%

Participation rate

89.4%

68.0%+21.5pp

78.4%+11.0pp

70.7%+18.7pp

Annual return

17.50%

20.70%-3.2pp

64.19%-46.7pp

116.88%-99.4pp

Employer contribution / active EE

$1,261

$1,806-30.2%

$4,412-71.4%

$2,428-48.1%

Participant deferral / active EE

$3,933

$4,081-3.6%

$6,174-36.3%

$4,046-2.8%

Admin fee / account holder

$187

$647-71.1%

$9,806-98.1%

$627-70.2%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY5 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$54,045

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLZ FL 12 · NEW YORK, NY 10004

Other Commissions

$38,192

TAX DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED SAVINGS 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