Plan Snapshot
- Plan Sponsor: New Era Technology, INC.
- Sponsor EIN: 463078820
- Sponsor Address: 901 S. BOLMAR ST. BUILDING 1, WEST CHESTER, PA, 19382
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,270
- Total Assets: $713,354
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,270 | $713,354 | $15.2M | $5.4M |
| 2023 | 1,310 | $1.2M | $14.2M | $4.6M |
| 2022 | 1,483 | $3.6M | $15.8M | $4.2M |
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 |
|---|---|---|---|---|
| INDEPENDENCE ADMINISTRATORS | Other Service Provider | $755,180 | — | $755,180 |
| BENESERV, A DIVISION OF ONEDIGITAL | Investment Advisor | $263,979 | — | $263,979 |
| THE BENECON GROUP, LLC | Investment Advisor | $158,075 | — | $158,075 |
| CONNECTCARE3 | Other Service Provider | $47,500 | — | $47,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,224,734
- Estimated Expense Ratio: 171.687% 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 | $4,233,781 | $205,575 | $1,096,529 | — | — |
| 2023 | $4,244,525 | $246,765 | $1,366,105 | — | — |
| 2022 | $3,689,579 | $266,974 | $1,089,264 | — | — |