How much does Create, Inc. contribute to its 403(b)?

In 2021, employer contributions to the Create, Inc. plan averaged $125 per active participant, below the $275 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Create, Inc. 401(k)?

The average participant account balance was $2,208 for plan year 2021, based on 95 accounts.

Create, Inc.403(b)

Name: Create, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SECTION 403(B) REIREMENT PLAN FOR CREATE, INC. · BRONX, NY · plan year 2021

Employer contribution per participant · 2021

$125

Create, Inc.'s 2021 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $209,774 across 95 participant accounts, with employer contributions averaging $125 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 93 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,543rd of 5,648), and 11,663rd of 11,911 in health care & social assistance. In 2021, employees put in $4.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$209,774
Participants with balances95
Active participants49
Employer contributions$6,113
Employee contributions$29,642
Employer contribution per active participant$125
Average account balance$2,208
Benefits paid to participants$649,324
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY US, LLP

Employer contributions to the Create, Inc. plan · 2021

Employer contribution per active participant$125

Median for plans this size$275

Create, Inc.'s 2021 employer contribution ran below the $275 median for plans its size. 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 132739938 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.