Plan Snapshot
- Plan Sponsor: Ness Usa, INC.
- Sponsor EIN: 232920053
- Sponsor Address: 400 SOUTHPOINTE BOULEVARD, CANONSBURG, PA, 15317
- Plan Type: 401(k)
- Total Participants: 157
- Total Assets: $17.2M
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. |
|---|---|---|---|---|
| 2024 | 157 | $17.2M | $488,572 | $2.0M |
| 2023 | 156 | $15.9M | $0 | $1.9M |
| 2022 | 161 | $14.3M | $0 | $2.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $73,063 | — | $73,063 |
| NEWEDGE SECURITIES INC. | BROKER/ADVISER | — | $36,118 | $36,118 |
| DEFINITI LLC | CONTRACT ADMIN | $8,125 | $9,999 | $18,124 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $15,942 | — | $15,942 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,247
- Estimated Expense Ratio: 0.832% 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 |
|---|---|---|---|---|---|
| 2024 | $90,095 | — | $90,095 | — | — |
| 2023 | $99,341 | — | $99,341 | — | — |
| 2022 | $99,071 | — | $99,071 | — | — |