New York › Other services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Neuroleadership Institute Inc. 401 K Profit Sharing Plan Trust
Sponsored by Neuroleadership Institute, Inc., New York, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Neuroleadership Institute Inc. 401 K Profit Sharing Plan Trust covered 167 participants and held $7.7M in net assets. The plan is a 401(k) plan sponsored by Neuroleadership Institute, Inc. of New York, New York.
Net assets came to $45,820 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and above the $40,686 median for defined contribution plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $33K: $196 per participant, close to the same-size median of $194. Administrative expenses charged to the plan were $33K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $2.6M in 2019 to $7.7M in 2024 (up 200%), and participants from 130 to 167 (up 28%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $45,820 | $60,185 | $40,686 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $2,024 | $2,175 |
| Schedule C compensation per participant | $196 | $194 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.43% | 0.32% | 0.30% | 0.26% |
| Administrative expenses per participant | $196 | $176 | $99.73 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), other services (2,675) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 167 | $7.7M | $45,820 | — | $743K | $33K |
| 2023 | 195 | $6.6M | $33,641 | $233K | $1.0M | $28K |
| 2022 | 205 | $4.6M | $22,517 | $372K | $910K | $23K |
| 2021 | 168 | $4.6M | $27,655 | $343K | $821K | $21K |
| 2020 | 151 | $3.6M | $23,675 | $142K | $745K | $12K |
| 2019 | 130 | $2.6M | $19,631 | $305K | $671K | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$6,560,250
- Employer contributions—
- Participant contributions$742,754
- Rollovers and other contributions$24,043
- Total contributions$766,797
- Total income, including investment results$1,727,865
- Benefits paid$603,318
- Administrative expenses$32,787
- Total expenses$636,213
- Net income$1,091,652
- Net transfers$0
- Net assets, end of year$7,651,902
Participants
- Active participants67
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits99
- Participants with account balances150
- Total participants, end of year167
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| RMR Wealth Builders Inc. | Recordkeeping and information management; Trustee (bank, trust company, or similar financial institution); Other services | $30,507 | $0 |
| ADP, Inc. | Participant loan processing; Recordkeeping and information management; Investment advisory (participants); Other services | $2,278 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$30,607
- Recordkeeping fees$2,180
- Total administrative expenses$32,787
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$7.5M · 98.1%
- Participant loans$119K · 1.6%
- Common/collective trusts$23K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRusson Johnston CPAS
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 812990: All Other Personal Services.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Rockefeller Non-Profits 401(k) Plan | Rockefeller Brothers Fund, Inc. | 167 | $68.2M | $408,433 |
| Hudson River Housing 401(k) Plan and Trust | Hudson River Housing, Inc. | 167 | — | — |
| Steer Davies and Gleave Inc. 401(k) Profit Sharing Plan & Trust | Steer Davies and Gleave Inc. | 169 | $10.8M | $63,886 |
| Carnegie Corporation of New York Tax-Deferred Annuity Plan | Carnegie Corporation of New York | 166 | $33.2M | $200,184 |
| Partnership With Children, Inc. 401(k) Profit Sharing Plan and Trust | Partnership With Children, Inc. | 170 | $4.7M | $27,625 |
| Hiscock Legal Aid Society Profit Sharing Plan | Frank H. Hiscock Legal Aid Society | 165 | $4.8M | $28,828 |
Defined contribution plans in other services closest in size.
Questions and answers
How big is Neuroleadership Institute Inc. 401 K Profit Sharing Plan Trust?
167 participants at the end of the plan year ending 31 Dec 2024, of whom 67 were active employees, with net assets of $7,651,902. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Neuroleadership Institute, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $32,785 in compensation to service provider organisations, $196 per participant or 0.43% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $32,787. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Neuroleadership Institute, Inc.. Recordkeeping or administration: RMR Wealth Builders Inc. and ADP, Inc.. Investment advisory or management: ADP, Inc.. Trustee or custodian: RMR Wealth Builders Inc.. The financial statements were audited by Russon Johnston CPAS. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 25 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 20-2114629, plan 001, received 25 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.