Plan Ledger DOL Form 5500 · updated monthly

Newmark Group, Inc.401(k)

NEWMARK 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Newmark Group, Inc. reported $508,129 in plan administrative expenses for 2024: 0.19% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,341 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 3 years on file its reported administrative ratio has held roughly steady near 0.192%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 354th-largest of 5,648 plans among New York employers on file, and the 39th of 2,096 in real estate & leasing. In 2024, employees put in $6.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$284,761,160
Participants with balances4,053
Active participants3,520
Employer contributions$4,720,950
Employee contributions$31,146,131
Employer contribution per active participant$1,341
Average account balance$70,259
Benefits paid to participants$29,444,011
Plan auditUnmodified (clean) audit opinion
AuditorERNST AND YOUNG
Plan history3
Yearassets · accounts · employer contribution
2024$284.8M · 4,053 accts · $4.7M emplr
2023$244.7M · 3,932 accts · $3.7M emplr
2022$195.2M · 3,961 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$423,988
Investment management$84,141
Total administrative$508,129
The Newmark Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,341
Median for plans this size$4,294
2024$1,341 per active participant
2023$1,084 per active participant
2022$714 per active participant

Newmark Group, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$423,988
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$84,141

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$508,129 · 0.19%
2023$434,759 · 0.20%
2022$385,130 · 0.19%
Same employer
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Related Partners, Inc. NY$407.2M · 0.05%
Rpc, Inc. FL$326.1M · 0.09%
Digital Realty Trust, L.P. TX$301.4M · 0.02%
Lpc Services, Inc. TX$298.1M · 0.15%
Bp Management, L.P. MA$292.0M · 0.10%
Wheels, LLC IL$269.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814467492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.