Safra National Bank of New York 401(k) match, vesting and fees
What Safra National Bank of New York's 401(k) 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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Sc&H Attest Services, P.C., (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 655 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Safra National Bank of New York: employer contribution per participant | $4,812 | |
| Peer median | $2,935 |
| Safra National Bank of New York: average balance | $143,837 | |
| Peer median | $92,770 |
| Safra National Bank of New York: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.15% |
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 $73.3M at the end of plan year 2021 to $91.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 667 | $91.9M | $3.1M | $4,812 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 625 | $75.8M | $2.5M | $4,338 | 0.05% | Not published | Form 5500 ↗ |
| 2022 | 589 | $59.1M | $2.1M | $3,875 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 576 | $73.3M | $2.2M | $3,994 | 0.09% | Not published | Form 5500 ↗ |
Common questions
Does Safra National Bank of New York match 401(k) contributions?
The match terms for the Profit Sharing & 401(k) Plan of Safra National Bank of New York have not been published from its filing yet. The plan year 2024 filing reports $3.1M in employer contributions, about $4,812 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Safra National Bank of New York 401(k) match vested?
The vesting schedule for the Profit Sharing & 401(k) Plan of Safra National Bank of New York is not in the data published so far. Your Summary Plan Description states it.
Who manages the Safra National Bank of New York 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Safra National Bank of New York.
I left Safra National Bank of New York. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Safra National Bank of New York, (212) 704-5500) or the recordkeeper, Fidelity Investments Institutional. The Safra National Bank of New York old 401(k) page lists the contacts from every plan filing. Find an old Safra National Bank of New York 401(k)
Data from the public Form 5500 annual reports Safra National Bank of New York 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 Safra National Bank of New York. Not financial advice. Report a correction · Methodology