Retirement plan

NEUE GALERIE NEW YORK 403(B) PLAN

Name: NEUE GALERIE NEW YORK - NEUE GALERIE NEW YORK 403(B) PLAN (2024) Form 5500
Creator: NEUE GALERIE NEW YORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEUE GALERIE NEW YORK 403(B) PLAN, NEUE GALERIE NEW YORK

NEUE GALERIE NEW YORKEIN 13-4047433Plan #002PY 2024

1048 FIFTH AVE - NEW YORK, NY 10028212-994-8967neuegalerie.orgLinkedIn1-10 employeesmuseums and institutions

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$12.9M

+21.8% from 2023

Total participants

163

-20.5% from 2023

Average account balance

$139,900

+103.8% from 2023

Annual return

15.15%

-3.36 pp from 2023

Benchmarks

See 826 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort826 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.87M

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.

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.

45.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$837K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$600

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
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 99 · EIN 35-2552359	Other Fees	$0
PENSION ASSURANCE LLP1 year Filed as: THE PENSION SERVICE, INC. Service code 49 510 MAIN ST. STOP A · GORHAM, ME 04038	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2K2L2T3D

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$55K

$422 / participant

Other / not subdivided$55K100.0%

% of EOY assets

0.429%

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: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,900

$52,507+166.4%

$129,406+8.1%

$74,478+87.8%

Participation rate

45.8%

53.9%-8.1pp

69.6%-23.8pp

67.2%-21.4pp

Annual return

15.15%

15.64%-0.5pp

9468.18%-9453.0pp

1370.56%-1355.4pp

Employer contribution / active EE

$2,142

$1,534+39.6%

$4,155-48.4%

$2,626-18.4%

Participant deferral / active EE

$4,245

$2,801+51.6%

$4,167+1.9%

$4,350-2.4%

Admin fee / account holder

$600

$2,639-77.3%

$7,689-92.2%

$1,946-69.2%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 99 · EIN 35-2552359

Other Fees

PENSION ASSURANCE LLP1 year

Filed as: THE PENSION SERVICE, INC.

Service code 49

510 MAIN ST. STOP A · GORHAM, ME 04038

Other Services

NEUE GALERIE NEW YORK 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEUE GALERIE NEW YORK 403(B) 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