Plan Snapshot
- Plan Sponsor: New Age Protection, INC.
- Sponsor EIN: 202027147
- Sponsor Address: 6564 LOISDALE CT STE 1000, SPRINGFIELD, VA, 221501812
- Plan Type: 401(k)
- Total Participants: 264
- Total Assets: $1.4M
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. |
|---|---|---|---|---|
| 2023 | 264 | $1.4M | $0 | $183,120 |
| 2022 | 365 | $1.3M | $0 | $266,334 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $55,708 | — | $55,708 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,708
- Estimated Expense Ratio: 4.046% 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 |
|---|---|---|---|---|---|
| 2023 | $27,760 | — | $27,760 | — | — |
| 2022 | $29,578 | — | $29,578 | — | — |