Retirement plan

RETIREMENT PLAN FOR ADMINISTRATIVE AND RACING EMPLOYEES OF THE NEW YORK RACING ASSOCIATION, INC.

Name: NEW YORK RACING ASSOCIATION, INC. - RETIREMENT PLAN FOR ADMINISTRATIVE AND RACING EMPLOYEES OF THE NEW YORK RACING ASSOCIATION, INC. (2017) Form 5500
Creator: NEW YORK RACING ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR ADMINISTRATIVE AND RACING EMPLOYEES OF THE NEW YORK RACING ASSOCIATION, INC., NEW YORK RACING ASSOCIATION, INC.

NEW YORK RACING ASSOCIATION, INC.EIN 61-1559040Plan #005PY 2017

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

Other plans on this EIN

5 filings

#007Retirement-$86.5M assets #003Retirement-$58.2M assets #002Retirement-$33.6M assets #008Retirement-$6.0M assets #001Retirement-$5.3M assets

Prospect flagsHigh retiree %Low returns

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)

$62.4M

+0.1% from 2016

Total participants

479

+1.6% from 2016

Average account balance

No prior year

Annual return

6.44%

-3.26 pp from 2016

Benchmarks

See 86 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined benefit

Participants25-99

Cohort86 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$60.02M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

360

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.

0.0%

Not enough data

1 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

+4.26%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.3+ years Filed as: MILLIMAN Service code 11 · EIN 91-0675641	Actuarial	$91,137
JPMORGAN INVEST HOLDINGS LLC3+ years Filed as: JPMORGAN CHASE BANK Service code 21 · EIN 13-4994650	Bank Trustee	$54,597
KPMG LLP3+ years Service code 10 · EIN 13-5565207	Accounting	$48,231
FRONTEGRA IRONBRIDGE1 year Service code 28 1 PARKVIEW PLAZA · OAKBROOK TERRACE, IL 60181	Investment Management	$26,652
TS&W INTERNATIONAL1 year Service code 28 1801 CALIFORNIA STREET · DENVER, CO 80202	Investment Management	$22,826
COLUMBUS CIRCLE INVESTORS3+ years Service code 28 · EIN 04-1406049	Investment Management	$22,651
MERCER3+ years Filed as: MERCER INVESTMENT CONSULTING INC. Service code 27 1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036	Advisory (Plan)	$14,913
JP MORGAN INVESTMENT MANAGEMENT INC3+ years Filed as: NEW YORK LIFE INSURANCE CO. Service code 13 · EIN 13-5582869	Contract Administrator	$11,892

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1I

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return 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

$581K

$7445 / participant

Investment mgmt$113K19.5%
Contract admin$12K2.0%
Other / not subdivided$456K78.4%

% of EOY assets

0.931%

all-in expense ratio

Categories reported

2 / 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

$29,595-100.0%

$260,109-100.0%

$46,757-100.0%

Participation rate

0.0%

4.0%-4.0pp

43.2%-43.2pp

11.3%-11.3pp

Annual return

6.44%

14.65%-8.2pp

8.93%-2.5pp

10.41%-4.0pp

Employer contribution / active EE

$150,081

$18,218+723.8%

$43,470+245.3%

$14,691+921.6%

Participant deferral / active EE

$64-100.0%

$223-100.0%

$58-100.0%

Admin fee / account holder

$1,327-100.0%

$1,225-100.0%

$2,646-100.0%

Provider

Service type

Compensation

MILLIMAN, INC.3+ years

Filed as: MILLIMAN

Service code 11 · EIN 91-0675641

Actuarial

$91,137

JPMORGAN INVEST HOLDINGS LLC3+ years

Filed as: JPMORGAN CHASE BANK

Service code 21 · EIN 13-4994650

Bank Trustee

$54,597

KPMG LLP3+ years

Service code 10 · EIN 13-5565207

Accounting

$48,231

FRONTEGRA IRONBRIDGE1 year

Service code 28

1 PARKVIEW PLAZA · OAKBROOK TERRACE, IL 60181

Investment Management

$26,652

TS&W INTERNATIONAL1 year

Service code 28

1801 CALIFORNIA STREET · DENVER, CO 80202

Investment Management

$22,826

COLUMBUS CIRCLE INVESTORS3+ years

Service code 28 · EIN 04-1406049

Investment Management

$22,651

MERCER3+ years

Filed as: MERCER INVESTMENT CONSULTING INC.

Service code 27

1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036

Advisory (Plan)

$14,913

JP MORGAN INVESTMENT MANAGEMENT INC3+ years

Filed as: NEW YORK LIFE INSURANCE CO.

Service code 13 · EIN 13-5582869

Contract Administrator

$11,892

RETIREMENT PLAN FOR ADMINISTRATIVE AND RACING EMPLOYEES 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

RETIREMENT PLAN FOR ADMINISTRATIVE AND RACING EMPLOYEES 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