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 (2022) 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 2022

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

Prospect flagsHigh retiree %Failed to transmit contributions

How to read this page

Total assets (EOY)

$2.3M

-15.5% from 2021

Total participants

220

+8.4% from 2021

Average account balance

$10,250

-22.0% from 2021

Annual return

-18.82%

-35.02 pp from 2021

Benchmarks

See 9,360 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,360 peers

Snapshot2022

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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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

$496

$5 / participant

Other / not subdivided$496100.0%

% of EOY assets

0.022%

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

$10,250

$54,370-81.1%

$82,763-87.6%

$68,490-85.0%

Participation rate

100.0%

63.9%+36.1pp

72.6%+27.4pp

67.9%+32.1pp

Annual return

-18.82%

-13.67%-5.2pp

702.45%-721.3pp

-7.85%-11.0pp

Employer contribution / active EE

$861

$2,219-61.2%

$3,008-71.4%

$2,597-66.9%

Participant deferral / active EE

$1,679

$3,247-48.3%

$4,395-61.8%

$4,028-58.3%

Admin fee / account holder

$4,398-99.9%

$5,325-100.0%

$5,403-100.0%

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