Plan Ledger DOL Form 5500 · updated monthly

The New 42ND Street, Inc.Money purchase plan

DEFINED CONTRIBUTION PLAN OF THE NEW 42ND STREET, · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

The New 42ND Street, Inc. reported $44,648 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $4,187 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 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in New York (4,071st of 5,648), and 811th of 1,311 in arts, entertainment & recreation.

Plan summary
Net assets, end of year$7,098,280
Participants with balances149
Active participants90
Employer contributions$376,839
Employee contributions—
Employer contribution per active participant$4,187
Average account balance$47,639
Benefits paid to participants$697,709
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ AND CARR CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 149 accts · $377K emplr
2023$6.6M · 147 accts · $346K emplr
2022$6.3M · 137 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,759
Investment management$15,889
Total administrative$44,648
Employer contributions to the The New 42ND Street, Inc. plan · 2024
Employer contribution per active participant$4,187
Median for plans this size$1,313
2024$4,187 per active participant
2023$3,928 per active participant
2022$3,125 per active participant

The New 42ND Street, Inc.'s 2024 employer contribution ran above the $1,313 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.

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
LINCOLN NATIONAL CORPORATION · Contract administrator$28,759
USI ADVISORS · Investment advisory (plan)$15,874

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$44,648 · 0.65%
2023$50,924 · 0.79%
2022$45,315 · 0.66%
All plans at this employer2
DEFINED CONTRIBUTION PLAN OF THE NEW 42ND STREET,Money purchase plan
THE NEW 42ND STREET, INC. 403(B) PLAN403(b)
Similar plansArts, Entertainment & Recreation · New York
Jackpocket LLC NY$7.8M · 0.02%
Buffalo Akg Art Museum NY$7.6M · 0.05%
City Parks Foundation NY$7.6M · 0.38%
Atlantis Marine World LLC NY$6.4M · 0.53%
Oak Hill Country Club NY$5.5M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133584032 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.