Plan Snapshot
- Plan Sponsor: New York Life Insurance Company
- Sponsor EIN: 135582869
- Sponsor Address: 51 MADISON AVENUE, NEW YORK, NY, 10010
- Plan Type: 401(k)
- Total Participants: 9,269
- Total Assets: $4.0B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 9,269 | $4.0B | $0 | $0 |
| 2023 | 9,376 | $4.1B | $0 | $0 |
| 2022 | 9,463 | $3.9B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| APOGEM CAPITAL, LLC | Other Service Provider | $4,121,036 | — | $4,121,036 |
| ALIGHT SOLUTIONS | Recordkeeper | $1,530,619 | — | $1,530,619 |
| FIDELITY INSTITUTIONAL ASSET MGMT | Other Service Provider | $893,948 | — | $893,948 |
| NEW YORK LIFE INSURANCE COMPANY | Recordkeeper | $294,360 | — | $294,360 |
| NEPC, LLC | Recordkeeper | $90,356 | — | $90,356 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS — Recordkeeper
- NEW YORK LIFE INSURANCE COMPANY — Recordkeeper
- NEPC, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,930,319
- Estimated Expense Ratio: 0.175% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $8,177,915 | $5,110,239 | $590,081 | — | — |
| 2023 | $9,060,737 | $6,133,877 | $691,591 | — | — |
| 2022 | $9,962,263 | $7,333,260 | $1,819,047 | — | — |