Retirement plan

NEUBERGER BERMAN GROUP 401(K) PLAN

Name: NEUBERGER BERMAN GROUP LLC - NEUBERGER BERMAN GROUP 401(K) PLAN (2023) Form 5500
Creator: NEUBERGER BERMAN GROUP LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEUBERGER BERMAN GROUP 401(K) PLAN, NEUBERGER BERMAN GROUP LLC

NEUBERGER BERMAN GROUP LLCEIN 61-1591182Plan #001PY 2023

1290 AVENUE OF THE AMERICAS - NEW YORK, NY 10104212-476-9881dyalcapital.comLinkedIn1001-5000 employeesinvestment banking

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$1748.6M

-12.2% from 2016

Total participants

3,146

+2.8% from 2016

Average account balance

$563,525

-10.7% from 2016

Annual return

16.66%

-17.86 pp from 2016

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.06B

Not enough data

1 years with asset history on file

Average account balance

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

$661K

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.

3,118

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

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

+16.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-12

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$32,323

Plan features & details

Pension benefit codes2E2G2J2K2R2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

-$32K

$-16 / participant

Investment mgmt$1380.0%
Contract admin$2K0.0%

% of EOY assets

-0.002%

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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$563,525

$112,711+400.0%

$170,055+231.4%

$80,187+602.8%

Participation rate

97.9%

87.4%+10.5pp

87.0%+10.9pp

72.9%+24.9pp

Annual return

16.66%

67.06%-50.4pp

53.43%-36.8pp

40.40%-23.7pp

Employer contribution / active EE

$28,449

$4,488+533.9%

$6,790+319.0%

$2,980+854.8%

Participant deferral / active EE

$15,217

$7,861+93.6%

$10,410+46.2%

$5,016+203.4%

Admin fee / account holder

-$10

$99-110.5%

$12,828-100.1%

$145-107.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$32,323

NEUBERGER BERMAN GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEUBERGER BERMAN GROUP 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