Retirement plan

CENTER FOR NEW YORK CITY NEIGHBORHOODS 401(K) PROFIT SHARING PLAN & TRUST

Name: THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC. - CENTER FOR NEW YORK CITY NEIGHBORHOODS 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTER FOR NEW YORK CITY NEIGHBORHOODS 401(K) PROFIT SHARING PLAN & TRUST, THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC.

THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC.EIN 83-0506416Plan #001PY 2020

60 BROAD STREET, 24TH FLOOR - NEW YORK, NY 10004212-566-3050LinkedIn11-50 employeescivic & social organization

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$2.4M

+23.8% from 2019

Total participants

177

-4.8% from 2019

Average account balance

$13,504

+30.1% from 2019

Annual return

20.24%

-3.99 pp from 2019

Benchmarks

See 8,767 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,767 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.78M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

220

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$610

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

+14.96%

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

$1K

$15 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.044%

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: FREED MAXICK, P.C.
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,504

$60,139-77.5%

$90,461-85.1%

$79,856-83.1%

Participation rate

100.0%

65.0%+35.0pp

72.7%+27.3pp

69.6%+30.4pp

Annual return

20.24%

71.96%-51.7pp

1294.76%-1274.5pp

31.71%-11.5pp

Employer contribution / active EE

$2,100

$2,069+1.5%

$3,264-35.7%

$2,471-15.0%

Participant deferral / active EE

$2,752

$2,939-6.4%

$3,964-30.6%

$3,741-26.4%

Admin fee / account holder

$3,978-99.9%

$5,617-99.9%

$5,306-99.9%

CENTER FOR NEW YORK CITY NEIGHBORHOODS 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTER FOR NEW YORK CITY NEIGHBORHOODS 401(K) PROFIT SHARING PLAN & TRUST

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