Northern Manhattan Improvement retirement plan: assets, participants and fees
What Northern Manhattan Improvement's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Life & Annuity Insurance | Schedule C ↗ |
| Independent auditor | Pkf O'Connor Davies LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Northern Manhattan Improvement: employer contribution per participant | $3,178 | |
| Peer median | $1,468 |
| Northern Manhattan Improvement: average balance | $62,513 | |
| Peer median | $37,786 |
| Northern Manhattan Improvement: admin expenses ÷ assets | 0.29% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $15.3M at the end of plan year 2021 to $15.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 250 | $15.3M | $779K | $3,178 | 0.29% | Not published | Form 5500 ↗ |
| 2023 | 247 | $14M | $933K | $3,839 | 0.21% | Not published | Form 5500 ↗ |
| 2022 | 241 | $12.8M | $899K | $4,103 | 0.18% | Not published | Form 5500 ↗ |
| 2021 | 343 | $15.3M | $1.1M | $3,169 | 0.03% | Not published | Form 5500 ↗ |
Common questions
Does Northern Manhattan Improvement match 401(k) contributions?
The match terms for the Safe-Harbor 401(k) Profit-Sharing Plan for Employees of Northern Manhattan Improvement Corporation have not been published from its filing yet. The plan year 2024 filing reports $779K in employer contributions, about $3,178 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Northern Manhattan Improvement 401(k) match vested?
The vesting schedule for the Safe-Harbor 401(k) Profit-Sharing Plan for Employees of Northern Manhattan Improvement Corporation is not in the data published so far. Your Summary Plan Description states it.
Who manages the Northern Manhattan Improvement 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Life & Annuity Insurance. The plan administrator is Northern Manhattan Improvement Corporation.
I left Northern Manhattan Improvement. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Northern Manhattan Improvement Corporation, (212) 822-8300) or the recordkeeper, Empower Life & Annuity Insurance. The Northern Manhattan Improvement old 401(k) page lists the contacts from every plan filing. Find an old Northern Manhattan Improvement 401(k)
Data from the public Form 5500 annual reports Northern Manhattan Improvement filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Northern Manhattan Improvement. Not financial advice. Report a correction · Methodology