Plan Snapshot
- Plan Sponsor: New Relic, INC.
- Sponsor EIN: 262017431
- Sponsor Address: 188 SPEAR STREET, SAN FRANCISCO, CA, 94105
- Plan Type: 401(k)
- Total Participants: 1,124
- Total Assets: $255.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,124 | $255.8M | $7.3M | $24.7M |
| 2023 | 1,522 | $220.2M | $9.0M | $27.0M |
| 2022 | 1,683 | $171.7M | $8.7M | $25.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $89,758 | — | $89,758 |
| PENSION ASSURANCE LLP | ACCOUNTANT/AUDITOR | $18,500 | — | $18,500 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $17,416 | — | $17,416 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- PENSION ASSURANCE LLP — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,674
- Estimated Expense Ratio: 0.049% 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 | $125,674 | $17,416 | $1,800 | $18,500 | — |
| 2023 | $41,922 | $8,274 | $1,500 | — | — |
| 2022 | $139,696 | — | — | — | — |