Plan Snapshot
- Plan Sponsor: Newbury Franklin Industrials LLC
- Sponsor EIN: 861817365
- Sponsor Address: 100 SONWIL DRIVE, BUFFALO, NY, 14225
- Plan Type: 401(k)
- Total Participants: 351
- Total Assets: $8.2M
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 | 351 | $8.2M | $426,508 | $782,999 |
| 2023 | 353 | $9.8M | $568,081 | $772,290 |
| 2022 | 45 | $514,151 | $40,489 | $80,586 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $41,452 | — | $41,452 |
| MML INVESTORS SERVICES LLC | INVESTMENT ADVISORY | $9,754 | — | $9,754 |
| VALMARK ADVISERS, INC. | INVESTMENT ADVISORY | $9,748 | — | $9,748 |
| COMPASS 360, LLC | RECORDKEEPER | $6,210 | — | $6,210 |
| TRONCONI SEGARRA & ASOCIATES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,164
- Estimated Expense Ratio: 0.819% 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 | $60,556 | — | — | — | — |
| 2023 | $44,282 | — | $44,282 | — | — |
| 2022 | — | — | — | — | — |