Retirement plan

PENSION PLAN FOR EMPLOYEES OF THE MUTUEL DEPARTMENT OF THE NEW YORK RACING ASSOCIATION, INC.

Name: NEW YORK RACING ASSOCIATION, INC. - PENSION PLAN FOR EMPLOYEES OF THE MUTUEL DEPARTMENT OF THE NEW YORK RACING ASSOCIATION, INC. (2021) Form 5500
Creator: NEW YORK RACING ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN FOR EMPLOYEES OF THE MUTUEL DEPARTMENT OF THE NEW YORK RACING ASSOCIATION, INC., NEW YORK RACING ASSOCIATION, INC.

NEW YORK RACING ASSOCIATION, INC.EIN 61-1559040Plan #003PY 2021

P.O. BOX 90, ROCKAWAY BLVD, 108TH STREET - JAMAICA, NY 114170090718-659-2239nyrainc.comLinkedIn1001-5000 employeesentertainment

Other plans on this EIN

5 filings

#007Retirement-$121.8M assets #005Retirement-$68.3M assets #002Retirement-$48.6M assets #008Retirement-$10.6M assets #001Retirement-$6.8M assets

Prospect flagsHigh retiree %Low employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed December 18, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

PO Box 90

Jamaica State: NY Zip Code: 11417

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Plans declared (1)

Plan name not on file14 emp

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Total assets (EOY)

$68.4M

+4.9% from 2016

Total participants

398

+3.2% from 2016

Average account balance

No prior year

Annual return

17.28%

-4.48 pp from 2016

Benchmarks

See 78 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined benefit

Participants25-99

Cohort78 peers

Snapshot2021

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

Not enough data

0 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

-100.00%

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.7+ years Service code 11 · EIN 91-0675641	Actuarial	$132,083
JPMORGAN INVEST HOLDINGS LLC7+ years Filed as: JPMORGAN CHASE BANK Service code 21 · EIN 13-4994650	Bank Trustee	$129,922
TS&W INTERNATIONAL5 years Service code 28 1801 CALIFORNIA STREET · DENVER, CO 80202	Investment Management	$92,927
EATON VANCE4 years Service code 28 PO BOX 9653 · PROVIDENCE, RI 029409653	Investment Management	$82,030
MERCER7+ years Filed as: MERCER INVESTMENT CONSULTING, INC. Service code 27 1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036	Advisory (Plan)	$42,670
KPMG LLP7+ years Service code 10 · EIN 13-5565207	Accounting	$19,432
THE VANGUARD GROUP, INC.4 years Filed as: VANGUARD Service code 28 PO BOX 3009 · MONROE, WI 535668309	Investment Management	$11,072

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$494K

$9887 / participant

Investment mgmt$303K61.3%
Other / not subdivided$191K38.7%

% of EOY assets

0.722%

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: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,044-100.0%

$439,512-100.0%

$95,044-100.0%

Participation rate

0.0%

0.0%0pp

26.8%-26.8pp

8.4%-8.4pp

Annual return

17.28%

13.03%+4.3pp

9.07%+8.2pp

18.35%-1.1pp

Employer contribution / active EE

$660

$14,235-95.4%

$46,116-98.6%

$14,669-95.5%

Participant deferral / active EE

$224

$73+207.9%

$107+108.7%

$70+221.9%

Admin fee / account holder

$9,141-100.0%

$147,323-100.0%

$9,141-100.0%

Provider

Service type

Compensation

MILLIMAN, INC.7+ years

Service code 11 · EIN 91-0675641

Actuarial

$132,083

JPMORGAN INVEST HOLDINGS LLC7+ years

Filed as: JPMORGAN CHASE BANK

Service code 21 · EIN 13-4994650

Bank Trustee

$129,922

TS&W INTERNATIONAL5 years

Service code 28

1801 CALIFORNIA STREET · DENVER, CO 80202

Investment Management

$92,927

EATON VANCE4 years

Service code 28

PO BOX 9653 · PROVIDENCE, RI 029409653

Investment Management

$82,030

MERCER7+ years

Filed as: MERCER INVESTMENT CONSULTING, INC.

Service code 27

1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036

Advisory (Plan)

$42,670

KPMG LLP7+ years

Service code 10 · EIN 13-5565207

Accounting

$19,432

THE VANGUARD GROUP, INC.4 years

Filed as: VANGUARD

Service code 28

PO BOX 3009 · MONROE, WI 535668309

Investment Management

$11,072

PENSION PLAN FOR EMPLOYEES OF THE MUTUEL DEPARTMENT OF THE NEW YORK RACING ASSOCIATION, INC.

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION PLAN FOR EMPLOYEES OF THE MUTUEL DEPARTMENT OF THE NEW YORK RACING ASSOCIATION, INC.

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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