Plan Snapshot
- Plan Sponsor: New England Institute Of Technology
- Sponsor EIN: 050312747
- Sponsor Address: ONE NEW ENGLAND TECH BOULEVARD, EAST GREENWICH, RI, 02818
- Plan Type: 403(b)
- Total Participants: 274
- Total Assets: $80.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 274 | $80.4M | $899,839 | $1.8M |
| 2023 | 286 | $80.6M | $865,373 | $1.8M |
| 2022 | 263 | $70.6M | $863,747 | $1.7M |
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 |
|---|---|---|---|---|
| DISANTO PRIEST & CO. | ACCOUNTANT/AUDITOR | $28,633 | — | $28,633 |
| FIDUCIENT ADVISORS, LLC | CONSULTANT | $25,450 | — | $25,450 |
| DIMEO SCHNEIDER & ASSOCIATES LLC | CONSULTANT | $8,651 | — | $8,651 |
| THE ANGELL PENSION GROUP, INC. | THIRD PARTY ADMINISTRATO | $7,553 | — | $7,553 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DISANTO PRIEST & CO. — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,287
- Estimated Expense Ratio: 0.087% 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 | $71,087 | — | $37,485 | — | — |
| 2023 | $66,682 | — | $900 | $29,250 | — |
| 2022 | $65,755 | — | — | — | — |