Plan Snapshot
- Plan Sponsor: The New York Racing Association INC
- Sponsor EIN: 611559040
- Sponsor Address: P.O. BOX 90, JAMAICA, NY, 114170090
- Plan Type: DB
- Total Participants: 107
- Total Assets: $120.3M
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 | 107 | $120.3M | $0 | $23,720 |
| 2023 | 115 | $119.6M | $0 | $5,986 |
| 2022 | 51 | $39.2M | $0 | $5,934 |
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 |
|---|---|---|---|---|
| JPMORGAN CHASE BANK | Recordkeeper | $348,714 | — | $348,714 |
| MILLIMAN, INC. | Recordkeeper | $223,880 | — | $223,880 |
| TS&W | Other Service Provider | $133,600 | — | $133,600 |
| MERCER INVESTMENT CONSULTING, INC. | Other Service Provider | $82,552 | — | $82,552 |
| KPMG LLP | Auditor | $76,660 | — | $76,660 |
| EATON VANCE | Other Service Provider | $40,603 | — | $40,603 |
| VANGUARD | Other Service Provider | $8,680 | — | $8,680 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JPMORGAN CHASE BANK — Recordkeeper
- MILLIMAN, INC. — Recordkeeper
- KPMG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $914,689
- Estimated Expense Ratio: 0.760% 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 | $994,910 | $468,317 | $82,552 | $76,660 | — |
| 2023 | $359,163 | $168,538 | $28,600 | $37,140 | — |
| 2022 | $385,240 | $195,145 | — | — | $164,839 |