Overview

Plan Rating

BrightScope Rating
54
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (28)
Average in Peer Group (56)
Highest in Peer Group (83)

Plan Description

Lerner New York, Inc. Savings and Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 54. This plan is in the top 35% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Lerner New York, Inc. Savings and Retirement Plan currently has over 3,900 active participants and over $91.2M in plan assets.

Did you know?

For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (54) and the top rated plan (83) could equate to:
14
Additional years of work
139,529
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 330 West 34th Street
  • Location
    New York , NY
  • 10001
  • Industry
    Women's Clothing Stores
  • Administrator
    Linda Gormezano
  • Net Plan Assets
    $91,200,000
  • Total Participants
    4,000
  • Avg Account Balance
    $77,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Poor
Salary Deferrals:
Above Average
Account Balance:
Above Average

Design

Total Plan Cost:
Low Fees
Company Generosity:
Average

Performance

Participation Rate:
Poor
Salary Deferrals:
Average
Account Balance:
Average

Peer Group Plans

Company Rating
Kering Americas 70.1
Tom James Company 67.9
J. Crew Group 65.8
Brooks Brothers Group 62.8
The Buckle 60.9
Boscov's 54.1
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

29

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Fidelity Freedom Funds 31%
69%
Fidelity 500 Index 17%
N/A
Fidelity Managed Income Portfolio 14%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Investment Adviser
Strategic Advisors
Recordkeeper
Fidelity
Auditor
Ary Roepcke Mulchaey, P.C.

Articles and Questions

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