Plan Ledger DOL Form 5500 · updated monthly

Mmc Holding of Brooklyn IncMoney purchase plan

MMC HOLDING OF BROOKLYN INC MONEY PURCHASE PENSION PLAN · BROOKLYN, NY · plan year 2024

Employer contribution per participant · 2024
$1,500

Mmc Holding of Brooklyn Inc's 2024 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 $39,367,489 across 489 participant accounts, with employer contributions averaging $1,500 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 1,618th-largest of 5,648 plans among New York employers on file, and the 321st of 786 in management of companies. active participation has shrunk from 197 to 157 since 2022.

Plan summary
Net assets, end of year$39,367,489
Participants with balances489
Active participants157
Employer contributions$235,423
Employee contributions—
Employer contribution per active participant$1,500
Average account balance$80,506
Benefits paid to participants$3,184,475
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.4M · 489 accts · $235K emplr
2023$34.6M · 500 accts · $711K emplr
2022$28.6M · 462 accts · $691K emplr
Employer contributions to the Mmc Holding of Brooklyn Inc plan · 2024
Employer contribution per active participant$1,500
Median for plans this size$2,416
2024$1,500 per active participant
2023$4,230 per active participant
2022$3,507 per active participant

Mmc Holding of Brooklyn Inc's 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
MMC HOLDING OF BROOKLYN INC MONEY PURCHASE PENSION PLANMoney purchase plan
MMC HOLDING OF BROOKLYN, INC. 401(K) PLAN401(k)
Same employer
Similar plansManagement of Companies · New York
Corfin Holdings, Inc. NY$41.8M · 0.40%
Newtekone, Inc. NY$41.6M · 0.36%
Quaker Equities, LTD. NY$40.6M · 0.19%
Trade Supply Group, LLC NY$24.6M · 0.41%
Charge Enterprises, Inc. NY$21.4M · 0.42%
Vccp North America, Inc. NY$20.3M · 0.60%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 112683298 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.