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: 37
- Total Assets: $60.0M
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 | 37 | $60.0M | $0 | $0 |
| 2023 | 41 | $62.0M | $0 | $0 |
| 2022 | 42 | $61.8M | $2.4M | $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 |
|---|---|---|---|---|
| MILLIMAN | Recordkeeper | $118,905 | — | $118,905 |
| JPMORGAN CHASE BANK | Recordkeeper | $92,216 | — | $92,216 |
| KPMG LLP | Auditor | $39,620 | — | $39,620 |
| MERCER INVESTMENT CONSULTING INC. | Other Service Provider | $18,904 | — | $18,904 |
| TS&W INTERNATIONAL | Other Service Provider | $14,567 | — | $14,567 |
| NEW YORK LIFE INSURANCE CO. | Recordkeeper | $11,636 | — | $11,636 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
- JPMORGAN CHASE BANK — Recordkeeper
- KPMG LLP — Auditor
- NEW YORK LIFE INSURANCE CO. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $295,848
- Estimated Expense Ratio: 0.493% 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 | $341,453 | $93,445 | $18,904 | $39,620 | — |
| 2023 | $319,754 | $109,665 | $19,947 | $38,390 | — |
| 2022 | $333,822 | $132,240 | — | — | $164,358 |