Plan Snapshot
- Plan Sponsor: New Balance Athletics, INC.
- Sponsor EIN: 042460172
- Sponsor Address: BRIGHTON LANDING, BOSTON, MA, 021352088
- Plan Type: 401(k)
- Total Participants: 4,704
- Total Assets: $492.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 4,704 | $492.8M | $15.9M | $26.3M |
| 2023 | 4,303 | $424.0M | $14.1M | $23.3M |
| 2022 | 3,685 | $349.3M | $11.5M | $19.1M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | RETAINED BY CLIENT | $885,347 | — | $885,347 |
| CAPTRUST PARTNERS, LLC | RETAINED BY EMPLOYER | $76,006 | — | $76,006 |
| GRANT THORNTON | RETAINED BY PLAN SPONSOR | $37,800 | — | $37,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY CLIENT
- GRANT THORNTON — RETAINED BY PLAN SPONSOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $999,153
- Estimated Expense Ratio: 0.203% 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 | $999,154 | $84,274 | $877,080 | $37,800 | — |
| 2023 | $1,272,060 | $75,191 | $1,161,694 | $35,175 | — |
| 2022 | $897,959 | $71,643 | $792,239 | — | $34,077 |