# Newbury Franklin Industrials LLC 401(k) Plan
Source: https://planprovider.pro/companies/newbury-franklin-industrials-llc-401k-plan

> Newbury Franklin Industrials LLC's 401(k) plan: 351 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — 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|—|—|—|—|—|

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