Retirement plan

CNY 401K PLAN

Name: CNY PAYROLL & DISBURSEMENTS LLC - CNY 401K PLAN (2019) Form 5500
Creator: CNY PAYROLL & DISBURSEMENTS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CNY 401K PLAN, CNY PAYROLL & DISBURSEMENTS LLC

CNY PAYROLL & DISBURSEMENTS LLCEIN 35-2597966Plan #001PY 2019

1440 BROADWAY, 4TH FLOOR - NEW YORK, NY 10018212-302-9060

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.4M

+69.8% from 2018

Total participants

142

-4.7% from 2018

Average account balance

$89,198

+53.8% from 2018

Annual return

47.66%

+53.18 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.48M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$894K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+14.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1491

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689004	Recordkeeping	$39,969
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 22 · EIN 74-2794194 5707 SOUTHWEST PKWY BLDNG 2 · AUSTIN, TX 78735	Insurance Broker	$26,238
FJC & ASSOCIATES, INC.1 year Service code 15 · EIN 06-1086115 14 CHURCH HILL RD. · NEWTOWN, CT 06470	Recordkeeping	$950

Plan features & details

Pension benefit codes2E2F2G2J2K3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$42K

$372 / participant

Other / not subdivided$42K100.0%

% of EOY assets

0.399%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WITHUMSMITH AND BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,198

$63,114+41.3%

$92,909-4.0%

$65,185+36.8%

Participation rate

77.7%

68.8%+8.9pp

76.0%+1.7pp

70.2%+7.5pp

Annual return

47.66%

28.75%+18.9pp

109.44%-61.8pp

29.38%+18.3pp

Employer contribution / active EE

$5,283

$2,571+105.5%

$3,653+44.6%

$2,177+142.7%

Participant deferral / active EE

$10,926

$3,108+251.5%

$4,238+157.8%

$3,514+210.9%

Admin fee / account holder

$356

$624-42.9%

$5,795-93.9%

$847-57.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689004

Recordkeeping

$39,969

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 22 · EIN 74-2794194

5707 SOUTHWEST PKWY BLDNG 2 · AUSTIN, TX 78735

Insurance Broker

$26,238

FJC & ASSOCIATES, INC.1 year

Service code 15 · EIN 06-1086115

14 CHURCH HILL RD. · NEWTOWN, CT 06470

Recordkeeping

$950

CNY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CNY 401K 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