Plan Snapshot
- Plan Sponsor: New American Funding, LLC
- Sponsor EIN: 010726495
- Sponsor Address: 14511 MYFORD ROAD, SUITE 100, TUSTIN, CA, 92780
- Plan Type: 401(k)
- Total Participants: 4,347
- Total Assets: $148.5M
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 | 4,347 | $148.5M | $1.4M | $19.2M |
| 2023 | 3,442 | $121.1M | $2.4M | $15.0M |
| 2022 | 3,279 | $97.8M | $5.6M | $18.8M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $231,289 | — | $231,289 |
| WITHUMSMITHBROWN PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $231,289
- Estimated Expense Ratio: 0.156% 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 | $231,289 | — | — | — | — |
| 2023 | $279,438 | — | — | — | — |
| 2022 | $242,507 | — | — | — | — |