Plan Snapshot
- Plan Sponsor: New Opportunities, INC.
- Sponsor EIN: 066071847
- Sponsor Address: 232 NORTH ELM STREET, WATERBURY, CT, 06702
- Plan Type: 401(k)
- Total Participants: 218
- Total Assets: $7.9M
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 | 218 | $7.9M | $143,397 | $258,416 |
| 2023 | 250 | $7.0M | $148,509 | $271,422 |
| 2022 | 233 | $7.2M | $113,897 | $239,959 |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | Investment Advisor | $17,585 | — | $17,585 |
| CAPITAL GROUP RETIREMENT PLAN SVCS. | Recordkeeper | $16,415 | — | $16,415 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,000
- Estimated Expense Ratio: 0.432% 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 | $31,801 | $17,586 | — | — | — |
| 2023 | $31,534 | $15,592 | — | — | — |
| 2022 | $32,436 | — | $32,436 | — | — |