Retirement plan

NEW MOUNTAIN CAPITAL, LLC 401(K) PROFIT SHARING PLAN

Name: NEW MOUNTAIN CAPITAL, LLC - NEW MOUNTAIN CAPITAL, LLC 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: NEW MOUNTAIN CAPITAL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW MOUNTAIN CAPITAL, LLC 401(K) PROFIT SHARING PLAN, NEW MOUNTAIN CAPITAL, LLC

NEW MOUNTAIN CAPITAL, LLCEIN 81-0659915Plan #001PY 2018

787 7TH AVE FL 49 - NEW YORK, NY 100196018212-720-0305newmountaincapital.comLinkedIn201-500 employeesinvestment management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$25.4M

-1.3% from 2017

Total participants

187

+15.4% from 2017

Average account balance

$139,650

-14.9% from 2017

Annual return

-6.46%

-27.04 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.22M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

351

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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)

$316

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: FIRST- GREAT WEST LIFE & ANNUITY Service code 64 · EIN 42-0127290 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$76,981
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 13 5707 SW PKWY BDLG 2 STE 400 · AUSTIN, TX 78735	Contract Administrator	$30,000
CITRIN COOPERMAN2 years Filed as: CITRIN COOPERMAN & COMPANY LLP Service code 10 290 WEST MOUNT PLEASANT AVE · LIVINGSTON, NJ 07039	Accounting	$21,000
THE BENEFIT PRATICE2 years Service code 13	Contract Administrator	$10,000
TD AMERITRADE, INC.2 years Service code 33 200 S. 108TH AVENURE · OMAHA, NE 68154	Securities brokerage	$153
THE BENEFIT PRACTICE3 years Service code 13 1055 WASHINGTON BLVD · STAMFORD, CT 06901	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$111K

$802 / participant

Contract admin$111K100.0%

% of EOY assets

0.439%

all-in expense ratio

Categories reported

1 / 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: CITRIN COOPERMAN AND COMPANY LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,650

$79,523+75.6%

$140,019-0.3%

$56,289+148.1%

Participation rate

96.4%

85.7%+10.7pp

87.5%+8.9pp

69.9%+26.6pp

Annual return

-6.46%

2.39%-8.8pp

651.17%-657.6pp

-9.96%+3.5pp

Employer contribution / active EE

$7,637

$3,350+128.0%

$5,605+36.2%

$2,111+261.8%

Participant deferral / active EE

$14,057

$5,129+174.1%

$6,927+102.9%

$3,350+319.6%

Admin fee / account holder

$613

$614-0.3%

$10,705-94.3%

$521+17.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: FIRST- GREAT WEST LIFE & ANNUITY

Service code 64 · EIN 42-0127290

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$76,981

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 13

5707 SW PKWY BDLG 2 STE 400 · AUSTIN, TX 78735

Contract Administrator

$30,000

CITRIN COOPERMAN2 years

Filed as: CITRIN COOPERMAN & COMPANY LLP

Service code 10

290 WEST MOUNT PLEASANT AVE · LIVINGSTON, NJ 07039

Accounting

$21,000

THE BENEFIT PRATICE2 years

Service code 13

Contract Administrator

$10,000

TD AMERITRADE, INC.2 years

Service code 33

200 S. 108TH AVENURE · OMAHA, NE 68154

Securities brokerage

$153

THE BENEFIT PRACTICE3 years

Service code 13

1055 WASHINGTON BLVD · STAMFORD, CT 06901

Contract Administrator

NEW MOUNTAIN CAPITAL, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW MOUNTAIN CAPITAL, LLC 401(K) PROFIT SHARING 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