Retirement plan

PBA EMPLOYEES AND FUND OFFICE STAFF PENSION PLAN

Name: POLICE BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, INC. - PBA EMPLOYEES AND FUND OFFICE STAFF PENSION PLAN (2023) Form 5500
Creator: POLICE BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PBA EMPLOYEES AND FUND OFFICE STAFF PENSION PLAN, POLICE BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, INC.

POLICE BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, INC.EIN 13-5308915Plan #333PY 2023

125 BROAD STREET, 11TH FLOOR - NEW YORK, NY 10004212-349-7560

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$12.6M

+9.3% from 2022

Total participants

101

-4.7% from 2022

Average account balance

$125,951

+15.9% from 2022

Annual return

11.61%

+21.26 pp from 2022

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$17,766
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2C2F2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.

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

$18K

$317 / participant

Contract admin$18K100.0%

% of EOY assets

0.141%

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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,951

$125,797+0.1%

$170,057-25.9%

$75,177+67.5%

Participation rate

98.2%

83.6%+14.6pp

87.0%+11.2pp

67.2%+31.0pp

Annual return

11.61%

27.20%-15.6pp

53.42%-41.8pp

160.75%-149.1pp

Employer contribution / active EE

$8,735

$4,616+89.2%

$6,790+28.6%

$2,671+227.0%

Participant deferral / active EE

$6,838-100.0%

$10,411-100.0%

$4,126-100.0%

Admin fee / account holder

$178

$8,177-97.8%

$12,826-98.6%

$5,651-96.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,766

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

PBA EMPLOYEES AND FUND OFFICE STAFF PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PBA EMPLOYEES AND FUND OFFICE STAFF PENSION 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