# Newco Industrial Plastics, LLC 401(k) Plan
Source: https://planprovider.pro/companies/newco-industrial-plastics-llc-plan

> Newco Industrial Plastics, LLC&#39;s 401(k) plan: 151 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Newco Industrial Plastics, LLC

- **Sponsor EIN:** 883693780

- **Sponsor Address:** 4172 DANVERS CT. SE, GRAND RAPIDS, MI, 49512

- **Plan Type:** 401(k)

- **Total Participants:** 151

- **Total Assets:** $6.6M

## 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:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|151|$6.6M|$259,957|$592,047|

| 2023|239|$5.5M|$267,301|$518,207|

## 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|

| MMA SECURITIES LLC|INVESTMENT ADVISORY|$29,784|$15|$29,799|

| PRINCIPAL LIFE INSURANCE CO|CONTRACT ADMINISTRATOR|$28,703|—|$28,703|

| ERISA SERVICES INC|CONTRACT ADMINISTRATOR|$2,700|$2,965|$5,665|

| COHN REZNICK LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MMA SECURITIES LLC](https://planprovider.pro/provider/lpl-financial-llc) — INVESTMENT ADVISORY

- [ERISA SERVICES INC](https://planprovider.pro/provider/commonwealth-financial-network) — CONTRACT ADMINISTRATOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $64,167

- **Estimated Expense Ratio:** 0.968% 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|$61,195|$29,792|$31,403|—|—|

| 2023|$49,802|$28,777|$21,025|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/newco-industrial-plastics-llc-plan)

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