Retirement plan

GARMENT DISTRICT ALLIANCE 403(B) PLAN

Name: FASHION CENTER DISTRICT MANAGEMENT ASSOCIATION, INC. - GARMENT DISTRICT ALLIANCE 403(B) PLAN (2025) Form 5500
Creator: FASHION CENTER DISTRICT MANAGEMENT ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARMENT DISTRICT ALLIANCE 403(B) PLAN, FASHION CENTER DISTRICT MANAGEMENT ASSOCIATION, INC.

FASHION CENTER DISTRICT MANAGEMENT ASSOCIATION, INC.dba D/B/A GARMENT DISTRICT ALLIANCEEIN 13-3718607Plan #001PY 2025

209 WEST 38TH STREET, 2ND FLOOR - NEW YORK, NY 100180414212-764-9600

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed June 20, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

209 West 38th Street, 2nd Floor

New York State: NY Zip Code: 10018

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Garment District Alliance 457 Plan5 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$7.9M

+18.1% from 2024

Total participants

+10.6% from 2024

Average account balance

$98,703

+21.1% from 2024

Annual return

15.58%

+5.65 pp from 2024

Benchmarks

See 4,019 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,019 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.90M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

103.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$652K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6051

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 codes2A2F2M2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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

$484K

$6287 / participant

Other / not subdivided$484K100.0%

% of EOY assets

6.131%

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

$98,703

$57,590+71.4%

$86,233+14.5%

$82,448+19.7%

Participation rate

81.8%

57.9%+24.0pp

69.0%+12.8pp

68.1%+13.8pp

Annual return

15.58%

22.41%-6.8pp

61.39%-45.8pp

41.64%-26.1pp

Employer contribution / active EE

$3,675

$1,655+122.0%

$2,504+46.7%

$2,551+44.1%

Participant deferral / active EE

$4,789

$3,080+55.5%

$4,559+5.0%

$4,139+15.7%

Admin fee / account holder

$6,051

$4,730+27.9%

$8,342-27.5%

$7,234-16.4%

GARMENT DISTRICT ALLIANCE 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARMENT DISTRICT ALLIANCE 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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