New York Islanders Hockey Club, LP 401(k) Review & Grade
New York Islanders Hockey Club, LP 401(k) Plan
Floral Park, NYArts, Entertainment & Recreation574 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,463Employer $ per active participant
$3,345Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$29.2MNet plan assets, end of year
$69,729Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 40th |
| Employee saving | 69th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- New York Islanders Hockey Club, LP put in about $1,463 per active participant, more than the typical peer ($995). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $839,135 |
| Participant (employee) contributions | $1,918,336 |
| Other contributions (incl. rollovers in) | $429,859 |
| Administrative expenses paid from the plan | $81,674 |
| Contract administrator fees | $78,543 |
| Investment advisory & management fees | $2,381 |
| Other admin expenses | $750 |
| Benefits paid out | $3,020,128 |
| Net assets, start / end of year | $25.1M / $29.2M |
| Active participants, start / end of year | 491 / 656 |
| Participants with account balances | 419 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $79,660 reported compensation |
| NFP Retirement Inc | $55,671 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001111201NAL0020869042001, received 2025-10-01, EIN 11-2254417, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.