Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Pension Specialists › plan 009
Next Generation 401(k) Pooled Employer Plan
- Sponsor Pension Specialists
- Plan number 009
- Plan year 2023
- $1-10M in assets
- multiple-employer
Administrative expenses excluding investment management, per participant · Next Generation 401(k) Pooled Employer Plan · plan year 2023
$487.12
Higher than 99% of the 17,126 plans $1 to 10M that report it.
Source
= $32,637 / 67
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20240927131735NAL0003824112001, received 2024-09-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240927131735NAL0003824112001, received 2024-09-27
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-09-27.
Cost and contributions
Administrative expenses per participant
$643.03
Higher than 99% of the 17,762 plans $1 to 10M that report it.
Source
= $43,083 / 67
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240927131735NAL0003824112001, received 2024-09-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240927131735NAL0003824112001, received 2024-09-27
Administrative expenses as a share of assets
1.691%
Higher than 97% of the 17,798 plans $1 to 10M that report it.
Source
= $43,083 / $2,547,845
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240927131735NAL0003824112001, received 2024-09-27
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20240927131735NAL0003824112001, received 2024-09-27
Employer contributions per participant
$7,655
Higher than 100% of the 15,688 plans $1 to 10M that report it.
Source
= $512,871 / 67
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240927131735NAL0003824112001, received 2024-09-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240927131735NAL0003824112001, received 2024-09-27
Employer share of total contributions
28.4%
Higher than 49% of the 15,721 plans $1 to 10M that report it.
Source
= $512,871 / $1,805,268
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240927131735NAL0003824112001, received 2024-09-27
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20240927131735NAL0003824112001, received 2024-09-27
Plan features
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2S pre-approved plan document · 2T default investment (QDIA) · 2W · 3B · 3D IRS pre-approved plan · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20240927131735NAL0003824112001, received 2024-09-27
Full record, Next Generation 401(k) Pooled Employer Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NEWPORT GROUP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Plan name | NEXT GENERATION 401(K) POOLED EMPLOYER PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Sponsor EIN / plan number | 27-2037969 / 009 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Plan type | multiple-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Sponsor location | FOLSOM, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Industry (business code) | 541219, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Plan year | 2023-01-01 to 2023-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Filing received | 2024-09-27 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Participants, beginning of year | 376 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Active participants | 229 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Participants, end of year | 235 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Participants with an account balance | 67 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Total assets, beginning of year | $9,923,175 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Total assets, end of year | $2,547,845 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Net assets, end of year | $2,547,845 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Total income | $3,384,434 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Net income | $2,964,778 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Employer contributions | $512,871 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Participant contributions | $904,389 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Other contributions (incl. rollovers) | $388,008 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Total contributions | $1,805,268 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Benefit payments | $376,573 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Total expenses (incl. benefit payments) | $419,656 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Total administrative expenses | $43,083 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Contract administrator fees | $28,856 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Investment advisory and management fees | $10,446 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Administrative expenses excluding investment management | $32,637 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Held in common/collective trusts | $1 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Held in mutual funds | $2,547,595 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20240927131735NAL0003824112001, received 2024-09-27 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20240927131735NAL0003824112001, received 2024-09-27 |
Position = column in the DOL layout for form year 2023. Filing 20240927131735NAL0003824112001, received 2024-09-27.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NEWPORT GROUP, INC.recordkeeper | PLAN SPONSOR | 12 Claims processing; 13 Contract administrator; 14 Plan administrator; 31 Named fiduciary; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 64 Recordkeeping fees; 65 Account maintenance fees | $28,856 | yes |
| INTERCAROLINA FINANCIAL SERVICES | NONE | 27 Investment advisory (plan); 51 Investment management fees paid directly by plan | $10,446 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20240927131735NAL0003824112001, received 2024-09-27.
No filing for the previous plan year is in the data, so there is no year-over-year comparison.