Retirement plan

NEW YORK DAILY NEWS DEFINED CONTRIBUTION RETIREMENT PLAN

Name: DAILY NEWS LP - NEW YORK DAILY NEWS DEFINED CONTRIBUTION RETIREMENT PLAN (2019) Form 5500
Creator: DAILY NEWS LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW YORK DAILY NEWS DEFINED CONTRIBUTION RETIREMENT PLAN, DAILY NEWS LP

DAILY NEWS LPEIN 13-3690542Plan #030PY 2019

160 NORTH STETSON AVENUE - CHICAGO, IL 60601312-222-4401

Other plans on this EIN

1 filing

#014Retirement-$71.5M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$53M

-2.1% from 2018

Total participants

317

-26.6% from 2018

Average account balance

$172,516

+11.9% from 2018

Annual return

17.64%

+17.64 pp from 2018

Benchmarks

See 905 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort905 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.31M

Not enough data

1 years with asset history on file

Average account balance

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

$249K

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.

162

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.

40.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$238K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$172

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 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.2+ years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930	Recordkeeping	$22,915
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIES ADVISORY GROUP LLC Service code 27 · EIN 33-0818667	Advisory (Plan)	$17,503
FORVIS, LLP1 year Filed as: MAZARS USA LLP Service code 10 · EIN 13-1459550	Accounting	$15,000
THE VANGUARD GROUP, INC.2+ years Filed as: THE VANGUARD GROUP INC Service code 99	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$53K

$286 / participant

Other / not subdivided$53K100.0%

% of EOY assets

0.100%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,516

$58,655+194.1%

$91,994+87.5%

$65,185+164.7%

Participation rate

94.6%

75.3%+19.4pp

78.6%+16.0pp

70.2%+24.4pp

Annual return

17.64%

33.92%-16.3pp

69.04%-51.4pp

29.38%-11.7pp

Employer contribution / active EE

$943

$2,080-54.7%

$3,453-72.7%

$2,177-56.7%

Participant deferral / active EE

$4,665

$5,474-14.8%

$5,924-21.3%

$3,514+32.7%

Admin fee / account holder

$173

$434-60.1%

$7,744-97.8%

$847-79.5%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.2+ years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$22,915

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIES ADVISORY GROUP LLC

Service code 27 · EIN 33-0818667

Advisory (Plan)

$17,503

FORVIS, LLP1 year

Filed as: MAZARS USA LLP

Service code 10 · EIN 13-1459550

Accounting

$15,000

THE VANGUARD GROUP, INC.2+ years

Filed as: THE VANGUARD GROUP INC

Service code 99

Other Fees

NEW YORK DAILY NEWS DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW YORK DAILY NEWS DEFINED CONTRIBUTION RETIREMENT 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