Retirement plan

BGC PARTNERS, INC. DEFERRAL PLAN FOR EMPLOYEES OF BGC PARTNERS, INC., CANTOR FITZGERALD, L.P. AND ITS AFFILIATES

Name: CANTOR FITZGERALD, L.P. AND BGC PARTNERS, INC. AS CO-SPONSORS - BGC PARTNERS, INC. DEFERRAL PLAN FOR EMPLOYEES OF BGC PARTNERS, INC., CANTOR FITZGERALD, L.P. AND ITS AFFILIATES (2018) Form 5500
Creator: CANTOR FITZGERALD, L.P. AND BGC PARTNERS, INC. AS CO-SPONSORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BGC PARTNERS, INC. DEFERRAL PLAN FOR EMPLOYEES OF BGC PARTNERS, INC., CANTOR FITZGERALD, L.P. AND ITS AFFILIATES, CANTOR FITZGERALD, L.P. AND BGC PARTNERS, INC. AS CO-SPONSORS

CANTOR FITZGERALD, L.P. AND BGC PARTNERS, INC. AS CO-SPONSORSEIN 13-3680189Plan #001PY 2018

110 EAST 59TH STREET, 15TH FLOOR - NEW YORK, NY 10022212-938-5000LinkedIn5001-10000 employeesinvestment banking

Prospect flagsLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$376.4M

-4.1% from 2017

Total participants

9,117

+7.5% from 2017

Average account balance

$47,739

-11.2% from 2017

Annual return

-5.21%

-24.75 pp from 2017

Benchmarks

See 91 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort91 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$518.38M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

3,695

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38.67M

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

+16.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PROFESSIONAL CAPITAL SERVICES, LLC4+ years Service code 13 1801 MARKET STREET · PHILADELPHIA, PA 19103	Contract Administrator	$652,569
HONOR TOWNSEND & KENT LLC1 year Filed as: HONOR, TOWNSEND & KENT Service code 33 1000 GERMANTOWN PIKE C1 · PLYMOUTH MEETING, PA 19462	Securities brokerage	$198,586
BRINKER CAPITAL4+ years Filed as: BRINKER CAPITAL HOLDINGS, INC. Service code 28 1055 WESTLAKES DRIVE · BERWYN, PA 19312	Investment Management	$182,693
ADVISORTRUST4+ years Service code 25 · EIN 46-4091337	Directed Trustee	$151,600

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$191 / participant

Investment mgmt$183K14.7%
Contract admin$653K52.6%
Other / not subdivided$406K32.7%

% of EOY assets

0.330%

all-in expense ratio

Categories reported

2 / 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: ERNST AND YOUNG
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,739

$104,281-54.2%

$140,016-65.9%

$68,904-30.7%

Participation rate

81.0%

89.1%-8.1pp

87.5%-6.5pp

74.1%+6.9pp

Annual return

-5.21%

-1.33%-3.9pp

651.12%-656.3pp

1.07%-6.3pp

Employer contribution / active EE

$35

$4,070-99.1%

$5,606-99.4%

$2,540-98.6%

Participant deferral / active EE

$6,727

$6,129+9.8%

$6,927-2.9%

$4,015+67.5%

Admin fee / account holder

$157

$79+100.0%

$10,705-98.5%

$71+120.8%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC4+ years

Service code 13

1801 MARKET STREET · PHILADELPHIA, PA 19103

Contract Administrator

$652,569

HONOR TOWNSEND & KENT LLC1 year

Filed as: HONOR, TOWNSEND & KENT

Service code 33

1000 GERMANTOWN PIKE C1 · PLYMOUTH MEETING, PA 19462

Securities brokerage

$198,586

BRINKER CAPITAL4+ years

Filed as: BRINKER CAPITAL HOLDINGS, INC.

Service code 28

1055 WESTLAKES DRIVE · BERWYN, PA 19312

Investment Management

$182,693

ADVISORTRUST4+ years

Service code 25 · EIN 46-4091337

Directed Trustee

$151,600

BGC PARTNERS, INC. DEFERRAL PLAN FOR EMPLOYEES OF BGC PARTNERS, INC., CANTOR FITZGERALD, L.P. AND ITS AFFILIATES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BGC PARTNERS, INC. DEFERRAL PLAN FOR EMPLOYEES OF BGC PARTNERS, INC., CANTOR FITZGERALD, L.P. AND ITS AFFILIATES

Top hat statement on fileNQDC

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