# New Era Life Insurance Company 401(k) Plan
Source: https://planprovider.pro/companies/new-era-life-insurance-company-401k-plan

> New Era Life Insurance Company's 401(k) plan: 333 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/paychex) — 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|—|—|

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