Plan Snapshot
- Plan Sponsor: Newberry College
- Sponsor EIN: 570314404
- Sponsor Address: 2100 COLLEGE STREET, NEWBERRY, SC, 291082126
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $22.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 211 | $22.2M | $439,314 | $565,094 |
| 2023 | 222 | $21.2M | $386,905 | $523,134 |
| 2022 | 225 | $18.6M | $335,409 | $477,266 |
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 |
|---|---|---|---|---|
| CAPIN CROUSE LLC | Auditor | — | — | $0 |
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 | $22,783 | — | $22,783 | — | — |
| 2023 | $18,482 | — | — | — | — |
| 2022 | $14,163 | — | — | — | — |