NORTH BROOKLYN DEVELOPMENT CORPO
Brooklyn, New York
Executive, Legislative, and Other General Government Support
All Size Average employees
Retirement Plan Detail
Retirement Plan Ranking
Retirement Plan:
North Brooklyn Development Corporation 401k Plan
This plan provides above-average contributions and strong design features, helping employers stay competitive in hiring while supporting long-term retention.
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Plan Benchmark
Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$348
Avg Employer Contribution per Person per Year
Below
EE Friendly
Plan Design
Top Benefits
EE Friendly
Admin Fees as a % of Total Assets
Top Benefits
12%
1 Year Return
Below
Peer Group
Size
All Size Average employees
Region
All Region Average
Industry
Public Administration
Employer & Employee Contribution
Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort
Plan Details
Plan name
North Brooklyn Development Corporation 401k Plan
Plan type
401k
Plan start date
01/01/2008
Plan assets
$1,208,342
Participation Rate
15.79 %
Loan %
0.41 %
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Key Plan Features
Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
Yes
Vesting Requirements
No
Returns
The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort
Administrative Fees
Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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