Retirement plan

DEXIA CREDIT LOCAL, NEW YORK BRANCH 401(K) PLAN

Name: DEXIA HOLDINGS, INC. - DEXIA CREDIT LOCAL, NEW YORK BRANCH 401(K) PLAN (2023) Form 5500
Creator: DEXIA HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEXIA CREDIT LOCAL, NEW YORK BRANCH 401(K) PLAN, DEXIA HOLDINGS, INC.

DEXIA HOLDINGS, INC.EIN 13-4124806Plan #002PY 2023

575 FIFTH AVENUE, 14TH FLOOR - NEW YORK, NY 10017212-515-7000LinkedIn1-10 employeesinvestment management

Prospect flagsHigh feesHigh cashHigh assets / participantWind-down / frozen

How to read this page

Total assets (EOY)

$46.1M

+9.0% from 2022

Total participants

106

-9.4% from 2022

Average account balance

$434,522

+20.3% from 2022

Annual return

17.15%

+33.22 pp from 2022

Benchmarks

See 36,165 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,165 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.96M

Not enough data

1 years with asset history on file

Average account balance

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

$480K

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.

100

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$444K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$40K

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$740

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
AMERICAN REALTY ADVISORS1 year Filed as: DEXIA HOLDINGS INC Service code 99 575 5TH AVE 14 FL · NEW YORK, NY 10017	Other Fees	$34,042
PLANNED RETIREMENT CONSULTANTS & AD4+ years Filed as: PLANNED RETIREMENT CONSULTANTS Service code 13 AND ADMINISTRATORS, LLC · RIDGEWOOD, NJ 074515126	Contract Administrator	$1,350
AMERICAN FUNDS4+ years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$763
AMERICAN REALTY ADVISORS4+ years Filed as: DEXIA CREDIT LOCAL, NEW YORK BRANCH Service code 99 575 5TH AVE 14 FL · NEW YORK, NY 10017	Other Fees	$375

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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).
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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$36K

$3312 / participant

Contract admin$36K100.0%

% of EOY assets

0.079%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & CO LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$434,522

$185,883+133.8%

$170,043+155.5%

$139,466+211.6%

Participation rate

100.0%

87.8%+12.2pp

87.0%+13.0pp

80.3%+19.7pp

Annual return

17.15%

60.54%-43.4pp

53.40%-36.3pp

373.66%-356.5pp

Employer contribution / active EE

$21,258

$7,596+179.8%

$6,790+213.1%

$4,754+347.2%

Participant deferral / active EE

$21,732

$11,626+86.9%

$10,410+108.8%

$6,712+223.8%

Admin fee / account holder

$344

$15,393-97.8%

$12,824-97.3%

$11,409-97.0%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS1 year

Filed as: DEXIA HOLDINGS INC

Service code 99

575 5TH AVE 14 FL · NEW YORK, NY 10017

Other Fees

$34,042

PLANNED RETIREMENT CONSULTANTS & AD4+ years

Filed as: PLANNED RETIREMENT CONSULTANTS

Service code 13

AND ADMINISTRATORS, LLC · RIDGEWOOD, NJ 074515126

Contract Administrator

$1,350

AMERICAN FUNDS4+ years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$763

AMERICAN REALTY ADVISORS4+ years

Filed as: DEXIA CREDIT LOCAL, NEW YORK BRANCH

Service code 99

575 5TH AVE 14 FL · NEW YORK, NY 10017

Other Fees

$375

DEXIA CREDIT LOCAL, NEW YORK BRANCH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEXIA CREDIT LOCAL, NEW YORK BRANCH 401(K) 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