Newport Gardens Apartments, L.P.401(k)
RELIANT BUILDING SERVICES 401(K) PLAN · BROOKLYN, NY · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Newport Gardens Apartments, L.P. reported $14,286 in plan administrative expenses for 2022: 2.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $340 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 1 year on file its reported administrative ratio rose from 2.34% to 16.00%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New York (5,413th of 5,648), and 2,011th of 2,096 in real estate & leasing. In 2022, employees put in $5.71 for every $1.00 the employer contributed.
Newport Gardens Apartments, L.P.'s 2022 employer contribution ran above the $331 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 811588444 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.