# New Balance Athletics, INC. 401(k) Plan
Source: https://planprovider.pro/companies/new-balance-athletic-shoe-inc-401k-plan

> New Balance Athletics, INC.'s 401(k) plan: 4,704 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — RETAINED BY CLIENT

- [GRANT THORNTON](https://planprovider.pro/provider/grant-thornton-llp) — 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|

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