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NEWMARK 401(K) PLAN 401k Plan overview

Plan NameNEWMARK 401(K) PLAN
Plan identification number 001

NEWMARK 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NEWMARK GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEWMARK GROUP, INC.
Employer identification number (EIN):814467492
NAIC Classification:531210
NAIC Description:Offices of Real Estate Agents and Brokers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEWMARK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01LUCAS RAYMOND
0012023-01-01
0012023-01-01LUCAS RAYMOND
0012022-01-01
0012022-01-01LUCAS RAYMOND
0012021-01-01
0012021-01-01LUCAS RAYMOND
0012020-01-01

Financial Data on NEWMARK 401(K) PLAN

Measure Date Value
2023 : NEWMARK 401(K) PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$1,024,912
Total unrealized appreciation/depreciation of assets2023-12-31$1,024,912
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$68,513,515
Total loss/gain on sale of assets2023-12-31$-6,760
Total of all expenses incurred2023-12-31$18,950,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$18,504,121
Value of total corrective distributions2023-12-31$11,958
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$39,710,553
Value of total assets at end of year2023-12-31$244,722,565
Value of total assets at beginning of year2023-12-31$195,159,888
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$434,759
Total interest from all sources2023-12-31$1,109,156
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$2,271,988
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$2,236,524
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$5,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$30,099,860
Participant contributions at end of year2023-12-31$3,060,356
Participant contributions at beginning of year2023-12-31$2,403,325
Participant contributions at end of year2023-12-31$18,258
Participant contributions at beginning of year2023-12-31$27,735
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$5,865,757
Other income not declared elsewhere2023-12-31$975
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$49,562,677
Value of net assets at end of year (total assets less liabilities)2023-12-31$244,722,565
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$195,159,888
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$79,114
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$114,114,471
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$90,300,470
Value of interest in pooled separate accounts at end of year2023-12-31$72,003,773
Value of interest in pooled separate accounts at beginning of year2023-12-31$56,030,803
Interest on participant loans2023-12-31$209,081
Interest earned on other investments2023-12-31$900,075
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$48,398,281
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$41,651,551
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$12,894,242
Net investment gain/loss from pooled separate accounts2023-12-31$11,508,449
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$3,465,836
Assets. Invements in employer securities at beginning of year2023-12-31$2,249,496
Contributions received in cash from employer2023-12-31$3,744,936
Employer contributions (assets) at end of year2023-12-31$3,661,590
Employer contributions (assets) at beginning of year2023-12-31$2,496,508
Income. Dividends from common stock2023-12-31$35,464
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$18,504,121
Contract administrator fees2023-12-31$355,645
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$102,076
Aggregate carrying amount (costs) on sale of assets2023-12-31$108,836
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31ERNST & YOUNG
Accountancy firm EIN2023-12-31346565596
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-01$1,024,912
Total unrealized appreciation/depreciation of assets2023-01-01$1,024,912
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$68,513,515
Total loss/gain on sale of assets2023-01-01$-6,760
Total of all expenses incurred2023-01-01$18,950,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$18,504,121
Value of total corrective distributions2023-01-01$11,958
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$39,710,553
Value of total assets at end of year2023-01-01$244,722,565
Value of total assets at beginning of year2023-01-01$195,159,888
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$434,759
Total interest from all sources2023-01-01$1,109,156
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$2,271,988
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$2,236,524
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$5,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$30,099,860
Participant contributions at end of year2023-01-01$3,060,356
Participant contributions at beginning of year2023-01-01$2,403,325
Participant contributions at end of year2023-01-01$18,258
Participant contributions at beginning of year2023-01-01$27,735
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$5,865,757
Other income not declared elsewhere2023-01-01$975
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$49,562,677
Value of net assets at end of year (total assets less liabilities)2023-01-01$244,722,565
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$195,159,888
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Investment advisory and management fees2023-01-01$79,114
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$114,114,471
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$90,300,470
Value of interest in pooled separate accounts at end of year2023-01-01$72,003,773
Value of interest in pooled separate accounts at beginning of year2023-01-01$56,030,803
Interest on participant loans2023-01-01$209,081
Interest earned on other investments2023-01-01$900,075
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-01-01$48,398,281
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-01-01$41,651,551
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$12,894,242
Net investment gain/loss from pooled separate accounts2023-01-01$11,508,449
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Assets. Invements in employer securities at end of year2023-01-01$3,465,836
Assets. Invements in employer securities at beginning of year2023-01-01$2,249,496
Contributions received in cash from employer2023-01-01$3,744,936
Employer contributions (assets) at end of year2023-01-01$3,661,590
Employer contributions (assets) at beginning of year2023-01-01$2,496,508
Income. Dividends from common stock2023-01-01$35,464
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$18,504,121
Contract administrator fees2023-01-01$355,645
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Aggregate proceeds on sale of assets2023-01-01$102,076
Aggregate carrying amount (costs) on sale of assets2023-01-01$108,836
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01ERNST & YOUNG
Accountancy firm EIN2023-01-01346565596
2022 : NEWMARK 401(K) PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-2,716,921
Total unrealized appreciation/depreciation of assets2022-12-31$-2,716,921
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$12,328,298
Total loss/gain on sale of assets2022-12-31$-17,091
Total of all expenses incurred2022-12-31$20,182,170
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$19,794,901
Expenses. Certain deemed distributions of participant loans2022-12-31$-540
Value of total corrective distributions2022-12-31$2,679
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$45,346,936
Value of total assets at end of year2022-12-31$195,159,888
Value of total assets at beginning of year2022-12-31$203,013,760
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$385,130
Total interest from all sources2022-12-31$882,598
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,687,355
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,660,714
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$5,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$29,046,783
Participant contributions at end of year2022-12-31$2,403,325
Participant contributions at beginning of year2022-12-31$2,569,871
Participant contributions at end of year2022-12-31$27,735
Participant contributions at beginning of year2022-12-31$1,002,931
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$13,721,552
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$3,075
Other income not declared elsewhere2022-12-31$14,606
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-7,853,872
Value of net assets at end of year (total assets less liabilities)2022-12-31$195,159,888
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$203,013,760
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$77,173
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$90,300,470
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$93,657,851
Value of interest in pooled separate accounts at end of year2022-12-31$56,030,803
Value of interest in pooled separate accounts at beginning of year2022-12-31$59,594,039
Interest on participant loans2022-12-31$133,275
Interest earned on other investments2022-12-31$749,323
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$41,651,551
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$40,389,032
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-21,026,260
Net investment gain/loss from pooled separate accounts2022-12-31$-11,842,925
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$2,249,496
Assets. Invements in employer securities at beginning of year2022-12-31$4,601,066
Contributions received in cash from employer2022-12-31$2,578,601
Employer contributions (assets) at end of year2022-12-31$2,496,508
Employer contributions (assets) at beginning of year2022-12-31$1,198,970
Income. Dividends from common stock2022-12-31$26,641
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$19,791,826
Contract administrator fees2022-12-31$307,957
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$26,663
Aggregate carrying amount (costs) on sale of assets2022-12-31$43,754
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ERNST & YOUNG
Accountancy firm EIN2022-12-31346565596
Unrealized appreciation/depreciation of other (non real estate) assets2022-01-01$-2,716,921
Total unrealized appreciation/depreciation of assets2022-01-01$-2,716,921
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$12,328,298
Total loss/gain on sale of assets2022-01-01$-17,091
Total of all expenses incurred2022-01-01$20,182,170
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$19,794,901
Expenses. Certain deemed distributions of participant loans2022-01-01$-540
Value of total corrective distributions2022-01-01$2,679
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$45,346,936
Value of total assets at end of year2022-01-01$195,159,888
Value of total assets at beginning of year2022-01-01$203,013,760
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$385,130
Total interest from all sources2022-01-01$882,598
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$1,687,355
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$1,660,714
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$5,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$29,046,783
Participant contributions at end of year2022-01-01$2,403,325
Participant contributions at beginning of year2022-01-01$2,569,871
Participant contributions at end of year2022-01-01$27,735
Participant contributions at beginning of year2022-01-01$1,002,931
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$13,721,552
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-01-01$3,075
Other income not declared elsewhere2022-01-01$14,606
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-7,853,872
Value of net assets at end of year (total assets less liabilities)2022-01-01$195,159,888
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$203,013,760
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Investment advisory and management fees2022-01-01$77,173
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$90,300,470
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$93,657,851
Value of interest in pooled separate accounts at end of year2022-01-01$56,030,803
Value of interest in pooled separate accounts at beginning of year2022-01-01$59,594,039
Interest on participant loans2022-01-01$133,275
Interest earned on other investments2022-01-01$749,323
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$41,651,551
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$40,389,032
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-21,026,260
Net investment gain/loss from pooled separate accounts2022-01-01$-11,842,925
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Assets. Invements in employer securities at end of year2022-01-01$2,249,496
Assets. Invements in employer securities at beginning of year2022-01-01$4,601,066
Contributions received in cash from employer2022-01-01$2,578,601
Employer contributions (assets) at end of year2022-01-01$2,496,508
Employer contributions (assets) at beginning of year2022-01-01$1,198,970
Income. Dividends from common stock2022-01-01$26,641
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$19,791,826
Contract administrator fees2022-01-01$307,957
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Aggregate proceeds on sale of assets2022-01-01$26,663
Aggregate carrying amount (costs) on sale of assets2022-01-01$43,754
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01ERNST & YOUNG
Accountancy firm EIN2022-01-01346565596
2021 : NEWMARK 401(K) PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$2,803,008
Total unrealized appreciation/depreciation of assets2021-12-31$2,803,008
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$55,829,685
Total loss/gain on sale of assets2021-12-31$2,464
Total of all expenses incurred2021-12-31$20,436,589
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$20,052,127
Expenses. Certain deemed distributions of participant loans2021-12-31$-265
Value of total corrective distributions2021-12-31$4,811
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$36,010,047
Value of total assets at end of year2021-12-31$203,013,760
Value of total assets at beginning of year2021-12-31$167,620,664
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$379,916
Total interest from all sources2021-12-31$746,203
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,342,984
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,333,151
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$20,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$25,530,304
Participant contributions at end of year2021-12-31$2,569,871
Participant contributions at beginning of year2021-12-31$2,941,078
Participant contributions at end of year2021-12-31$1,002,931
Participant contributions at beginning of year2021-12-31$69,046
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$9,124,829
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$21,510
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$4,393
Other income not declared elsewhere2021-12-31$-437
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$35,393,096
Value of net assets at end of year (total assets less liabilities)2021-12-31$203,013,760
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$167,620,664
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$69,802
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$93,657,851
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$76,547,924
Value of interest in pooled separate accounts at end of year2021-12-31$59,594,039
Value of interest in pooled separate accounts at beginning of year2021-12-31$48,825,339
Interest on participant loans2021-12-31$131,245
Interest earned on other investments2021-12-31$614,958
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$40,389,032
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$37,440,611
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$7,065,469
Net investment gain/loss from pooled separate accounts2021-12-31$7,859,947
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$4,601,066
Assets. Invements in employer securities at beginning of year2021-12-31$1,792,273
Contributions received in cash from employer2021-12-31$1,354,914
Employer contributions (assets) at end of year2021-12-31$1,198,970
Income. Dividends from common stock2021-12-31$9,833
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$20,030,617
Contract administrator fees2021-12-31$310,114
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$6,512
Aggregate carrying amount (costs) on sale of assets2021-12-31$4,048
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31ERNST & YOUNG
Accountancy firm EIN2021-12-31346565596
2020 : NEWMARK 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$601,183
Total unrealized appreciation/depreciation of assets2020-12-31$601,183
Total transfer of assets to this plan2020-12-31$157,717,482
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$11,766,517
Total loss/gain on sale of assets2020-12-31$388
Total of all expenses incurred2020-12-31$1,863,335
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,715,548
Expenses. Certain deemed distributions of participant loans2020-12-31$103,406
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$5,059,673
Value of total assets at end of year2020-12-31$167,620,664
Value of total assets at beginning of year2020-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$44,381
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$119,376
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$321,951
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$319,495
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$20,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$3,632,620
Participant contributions at end of year2020-12-31$2,941,078
Participant contributions at end of year2020-12-31$69,046
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,388,505
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$4,393
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$9,903,182
Value of net assets at end of year (total assets less liabilities)2020-12-31$167,620,664
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$76,547,924
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$0
Value of interest in pooled separate accounts at end of year2020-12-31$48,825,339
Value of interest in pooled separate accounts at beginning of year2020-12-31$0
Interest on participant loans2020-12-31$27,845
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$91,531
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$37,440,611
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,701,510
Net investment gain/loss from pooled separate accounts2020-12-31$1,962,436
Net investment gain or loss from common/collective trusts2020-12-31$0
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$1,792,273
Assets. Invements in employer securities at beginning of year2020-12-31$0
Contributions received in cash from employer2020-12-31$38,548
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$2,456
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,715,548
Contract administrator fees2020-12-31$44,381
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$388
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31ERNST AND YOUNG
Accountancy firm EIN2020-12-31346565596

Form 5500 Responses for NEWMARK 401(K) PLAN

2023: NEWMARK 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NEWMARK 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NEWMARK 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NEWMARK 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number819874
Policy instance 1
Insurance contract or identification number819874
Number of Individuals Covered4252
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 2
Insurance contract or identification number467968
Number of Individuals Covered4252
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number819874
Policy instance 1
Insurance contract or identification number819874
Number of Individuals Covered4310
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 2
Insurance contract or identification number467968
Number of Individuals Covered4310
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number819874
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 2
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number819874
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 2

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