Retirement plan

NEW YORK STATE NURSES ASSOCIATION 401(K) PLAN

Name: NEW YORK STATE NURSES ASSOCIATION - NEW YORK STATE NURSES ASSOCIATION 401(K) PLAN (2023) Form 5500
Creator: NEW YORK STATE NURSES ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW YORK STATE NURSES ASSOCIATION 401(K) PLAN, NEW YORK STATE NURSES ASSOCIATION

NEW YORK STATE NURSES ASSOCIATIONEIN 14-0923749Plan #003PY 2023

131 WEST 33RD STREET, 4TH FLOOR - NEW YORK, NY 10001518-782-9400LinkedIn11-50 employeespolitical organization

Other plans on this EIN

1 filing

#001Retirement-$89.5M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.5M

+12.5% from 2022

Total participants

204

+2.5% from 2022

Average account balance

$98,765

+6.0% from 2022

Annual return

14.87%

+30.88 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.08M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

161

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.

61.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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 LLC8 years Service code 55 · EIN 35-2552359	Other Commissions	$35,341
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$2,700

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$17 / participant

Recordkeeping$3K100.0%

% of EOY assets

0.017%

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: BONADIO & CO LLP
Auditor EIN: 161131146
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,765

$58,312+69.4%

$86,656+14.0%

$71,529+38.1%

Participation rate

70.3%

65.0%+5.2pp

71.7%-1.5pp

67.9%+2.3pp

Annual return

14.87%

24.08%-9.2pp

593.09%-578.2pp

28.97%-14.1pp

Employer contribution / active EE

$108

$2,576-95.8%

$3,025-96.4%

$2,590-95.8%

Participant deferral / active EE

$7,853

$3,439+128.3%

$4,439+76.9%

$4,291+83.0%

Admin fee / account holder

$17

$1,057-98.4%

$5,619-99.7%

$1,588-98.9%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC8 years

Service code 55 · EIN 35-2552359

Other Commissions

$35,341

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$2,700

NEW YORK STATE NURSES ASSOCIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW YORK STATE NURSES ASSOCIATION 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