QB JV Holdings, LLC 401(k) Review & Grade
New York Mets Employee Savings Plan
Flushing, NYArts, Entertainment & Recreation595 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,483Employer $ per active participant
$9,533Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$73.7MNet plan assets, end of year
$91,120Average balance per account
Score breakdown
- Employer generosity48.4 / 5097th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 71th |
| Employee saving | 97th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,969,079 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- QB JV Holdings put in about $5,483 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,262,237 |
| Participant (employee) contributions | $5,672,189 |
| Other contributions (incl. rollovers in) | $2,109,770 |
| Administrative expenses paid from the plan | $78,290 |
| Other admin expenses | $36,591 |
| Benefits paid out | $9,379,077 |
| Net assets, start / end of year | $63.0M / $73.7M |
| Active participants, start / end of year | 599 / 591 |
| Participants with account balances | 809 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fiducient Advisors LLC | $36,591 reported compensation |
| Baker Tilly US, LLP | $25,200 reported compensation |
| Fidelity Investments Institutional | $16,499 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014091244NAL0002475585001, received 2025-10-14, EIN 85-3575265, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.