Brooklyn Navy Yard Development Corp.Money purchase plan
BROOKLYN NAVY YARD DEVELOPMENT CORP. PENSION PLAN · BROOKLYN, NY · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Brooklyn Navy Yard Development Corp. reported $4,900 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $16,260 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.04% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 2,573rd-largest of 5,648 plans among New York employers on file, and the 688th of 2,096 in real estate & leasing. active participation has grown from 98 to 111 since 2022.
Brooklyn Navy Yard Development Corp.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 112137138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.