Plan Snapshot
- Plan Sponsor: New Era Life Insurance Company
- Sponsor EIN: 742552025
- Sponsor Address: 11720 KATY FWY STE 1700, HOUSTON, TX, 770796578
- Plan Type: 401(k)
- Total Participants: 333
- Total Assets: $26.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 333 | $26.5M | $350,978 | $1.2M |
| 2023 | 319 | $23.8M | $338,426 | $1.1M |
| 2022 | 325 | $21.4M | $292,732 | $1.1M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER | INVESTMENT ADVISORY PLAN | $75,949 | — | $75,949 |
| PAYCHEX, INC. | RECORDKEEPER | $31,974 | — | $31,974 |
| MERRILL LYNCH, PIERCE, FENNER AND S | BROKERAGE | — | $6,546 | $6,546 |
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,469
- Estimated Expense Ratio: 0.431% 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 | $107,923 | $75,949 | $31,974 | — | — |
| 2023 | $96,404 | $68,452 | $27,952 | — | — |
| 2022 | $98,139 | $70,088 | $28,051 | — | — |