Newmark Group, Inc. 401(k) Review & Grade
Newmark 401(k) Plan
New York, NYReal Estate & Rental3,514 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,343Employer $ per active participant
$8,863Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$284.8MNet plan assets, end of year
$70,259Average balance per account
Score breakdown
- Employer generosity29.6 / 5059th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 36th |
| Employee saving | 92th |
| Peers that auto-enroll | 46% |
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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
- Newmark Group put in about $1,343 per active participant, more than the typical peer ($1,141). 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $4,720,950 |
| Participant (employee) contributions | $31,146,131 |
| Other contributions (incl. rollovers in) | $8,953,412 |
| Administrative expenses paid from the plan | $508,129 |
| Contract administrator fees | $423,988 |
| Investment advisory & management fees | $84,141 |
| Benefits paid out | $29,444,011 |
| Net assets, start / end of year | $244.7M / $284.8M |
| Active participants, start / end of year | 3,508 / 3,520 |
| Participants with account balances | 4,053 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst and Young |
| Employer stock held by plan | $7,582,090 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $423,988 reported compensation |
| Sageview Advisory Group, LLC | $84,229 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250708105300NAL0006838192001, received 2025-07-08, EIN 81-4467492, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.