Plan Snapshot
- Plan Sponsor: New Classrooms Innovation Partners For Learning
- Sponsor EIN: 452736163
- Sponsor Address: 344 GROVE ST, JERSEY CITY, NJ, 10001
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 41
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 41 | $8.7M | $93,129 | $468,114 |
| 2023 | 46 | $7.5M | $94,505 | $478,910 |
| 2022 | 53 | $6.4M | $91,057 | $401,494 |
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 |
|---|---|---|---|---|
| NATIONWIDE | Recordkeeper | $28,774 | — | $28,774 |
| MORGAN STANLEY | Investment Advisor | $22,121 | — | $22,121 |
| PENTEGRA SERVICES INC | Recordkeeper | $11,143 | — | $11,143 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
- MORGAN STANLEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,038
- Estimated Expense Ratio: 0.716% 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 | $35,757 | — | — | — | — |
| 2023 | $29,351 | — | — | — | — |
| 2022 | $33,443 | — | $33,443 | — | — |