Plan Snapshot
- Plan Sponsor: Newagesys, INC.
- Sponsor EIN: 223333874
- Sponsor Address: 4390 US-1 HWY, SUITE110, PRINCETON, NJ, 08540
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $3.0M
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 | 150 | $3.0M | $0 | $537,199 |
| 2023 | 189 | $2.8M | $0 | $595,736 |
| 2022 | 214 | $2.4M | $0 | $797,461 |
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 |
|---|---|---|---|---|
| RAM ASSOCIATES CPA'S | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAM ASSOCIATES CPA'S — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $12,274 | $256 | — | — | — |
| 2023 | $17,112 | $244 | — | $6,120 | — |
| 2022 | $10,603 | $928 | — | — | — |