Plan Snapshot
- Plan Sponsor: Neogen Corporation
- Sponsor EIN: 382367843
- Sponsor Address: 620 LESHER PLACE, LANSING, MI, 489121509
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,235
- Total Assets: $120.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 2,235 | $120.8M | $0 | $0 |
| 2024 | 1,716 | $108.1M | $3.4M | $8.1M |
| 2023 | 1,504 | $102.2M | $3.0M | $7.1M |
| 2022 | 1,409 | $80.6M | $2.1M | $4.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $94,532 | — | $94,532 |
| MMA SECURITIES | Investment Advisor | $58,000 | — | $58,000 |
| STRATEGIC ADVISERS LLC | Investment Advisor | $41,510 | — | $41,510 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $194,042
- Estimated Expense Ratio: 0.161% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $16,250,536 | $99,511 | — | — | — |
| 2024 | $186,891 | $102,884 | — | — | — |
| 2023 | $152,511 | $84,271 | $1,500 | — | — |
| 2022 | $157,480 | $11,645 | — | — | — |