Plan Snapshot
- Plan Sponsor: New England Life Insurance Company
- Sponsor EIN: 042708937
- Sponsor Address: 11225 N. COMMUNITY HOUSE ROAD, CHARLOTTE, NC, 28277
- Plan Type: DC
- Total Participants: 0
- Total Assets: $84.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 0 | $84.5M | $0 | $0 |
| 2023 | 0 | $87.6M | $0 | $0 |
| 2022 | 0 | $95.1M | $0 | $0 |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | Recordkeeper | $56,316 | — | $56,316 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | $18,354 | — | $18,354 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Recordkeeper
- CHARLES SCHWAB TRUST BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,670
- Estimated Expense Ratio: 0.088% 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 | $79,532 | — | — | — | — |
| 2023 | $78,417 | — | — | — | — |
| 2022 | $58,171 | — | — | — | $58,171 |