Retirement plan

FNY CAPITAL MANAGEMENT LP 401(K) PROFIT SHARING PLAN

Name: FNY CAPITAL MANAGEMENT LP - FNY CAPITAL MANAGEMENT LP 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: FNY CAPITAL MANAGEMENT LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FNY CAPITAL MANAGEMENT LP 401(K) PROFIT SHARING PLAN, FNY CAPITAL MANAGEMENT LP

FNY CAPITAL MANAGEMENT LPEIN 90-0718962Plan #001PY 2016

90 PARK AVENUE, 5TH FLOOR - NEW YORK, NY 10016212-848-0600LinkedIn501-1000 employeesinvestment management

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$10.6M

+7.5% from 2015

Total participants

161

-24.1% from 2015

Average account balance

$83,556

+39.6% from 2015

Annual return

9.33%

+10.07 pp from 2015

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.06M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

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

$243K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$505

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 3 by compensation

Provider	Service type	Compensation
STONE HILL FIDUCIARY MANAGEMENT LL2+ years Service code 16 · EIN 45-5608425	Consulting	$20,000
CARON & BLETZER, PLLC1 year Service code 10 · EIN 04-3499945	Accounting	$8,450
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$4,158

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$38K

$477 / participant

Other / not subdivided$38K100.0%

% of EOY assets

0.360%

all-in expense ratio

Categories reported

0 / 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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,556

$87,834-4.9%

$133,975-37.6%

$62,881+32.9%

Participation rate

57.5%

83.4%-25.9pp

87.1%-29.6pp

69.3%-11.8pp

Annual return

9.33%

12.05%-2.7pp

29.29%-20.0pp

20.14%-10.8pp

Employer contribution / active EE

$3,482-100.0%

$5,211-100.0%

$2,281-100.0%

Participant deferral / active EE

$5,251

$4,812+9.1%

$6,282-16.4%

$3,203+63.9%

Admin fee / account holder

$301

$5,372-94.4%

$9,324-96.8%

$4,296-93.0%

Provider

Service type

Compensation

STONE HILL FIDUCIARY MANAGEMENT LL2+ years

Service code 16 · EIN 45-5608425

Consulting

$20,000

CARON & BLETZER, PLLC1 year

Service code 10 · EIN 04-3499945

Accounting

$8,450

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$4,158

FNY CAPITAL MANAGEMENT LP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FNY CAPITAL MANAGEMENT LP 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