Retirement plan

OTG CONCESSIONS MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Name: OTG CONCESSIONS MANAGEMENT, LLC - OTG CONCESSIONS MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: OTG CONCESSIONS MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OTG CONCESSIONS MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN, OTG CONCESSIONS MANAGEMENT, LLC

OTG CONCESSIONS MANAGEMENT, LLCEIN 82-1706205Plan #001PY 2022

352 PARK AVE. S. FLOOR 10 - NEW YORK, NY 10010347-835-1679

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.3M

No prior year

Total participants

4,122

No prior year

Average account balance

$25,601

No prior year

Annual return

-16.59%

No prior year

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.34M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

963

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.

20.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$221

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 8 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1+ years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$55,792
AMERICAN FUNDS1+ years Service code 28 · EIN 95-1411037	Investment Management	$0
BLACKROCK1+ years Filed as: BLACKROCK FUNDS Service code 28 · EIN 04-6171663	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
MORGAN STANLEY SMITH BARNEY1+ years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
MFS INVESTMENT MANAGEMENT1+ years Filed as: MFS FUNDS Service code 28 · EIN 04-2747644	Investment Management	$0
T ROWE PRICE RPS INC1+ years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO FUNDS TRUST Service code 28 · EIN 41-0449260	Investment Management	$0

Plan features & details

Pension benefit codes2F2G2J2K3D2T2E3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$56K

$14 / participant

Other / not subdivided$56K100.0%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,601

$95,388-73.2%

$125,381-79.6%

$77,906-67.1%

Participation rate

15.3%

78.6%-63.3pp

82.4%-67.0pp

73.7%-58.4pp

Annual return

-16.59%

116.19%-132.8pp

572.31%-588.9pp

12.16%-28.7pp

Employer contribution / active EE

$469

$3,666-87.2%

$4,815-90.3%

$2,846-83.5%

Participant deferral / active EE

$748

$7,711-90.3%

$7,448-90.0%

$4,805-84.4%

Admin fee / account holder

$67

$119-43.6%

$10,007-99.3%

$133-49.5%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1+ years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$55,792

AMERICAN FUNDS1+ years

Service code 28 · EIN 95-1411037

Investment Management

BLACKROCK1+ years

Filed as: BLACKROCK FUNDS

Service code 28 · EIN 04-6171663

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

MFS INVESTMENT MANAGEMENT1+ years

Filed as: MFS FUNDS

Service code 28 · EIN 04-2747644

Investment Management

T ROWE PRICE RPS INC1+ years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO FUNDS TRUST

Service code 28 · EIN 41-0449260

Investment Management

OTG CONCESSIONS MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OTG CONCESSIONS MANAGEMENT, 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