Plan Snapshot
- Plan Sponsor: Newage Industries, INC.
- Sponsor EIN: 231475225
- Sponsor Address: 145 JAMES WAY, SOUTHAMPTON, PA, 189663817
- Plan Type: DC
- Total Participants: 259
- Total Assets: $295.8M
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 | 259 | $295.8M | $1.4M | $0 |
| 2023 | 265 | $257.6M | $2.2M | $0 |
| 2022 | 262 | $310.4M | $935,000 | $0 |
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 |
|---|---|---|---|---|
| WELLS FARGO | NONE | $76,171 | — | $76,171 |
| KREISCHER MILLER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KREISCHER MILLER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,171
- Estimated Expense Ratio: 0.026% 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 | $79,460 | $76,171 | — | — | — |
| 2023 | $96,679 | $93,954 | — | — | — |
| 2022 | $171,416 | — | — | — | — |