Plan Snapshot
- Plan Sponsor: Newfield National Bank
- Sponsor EIN: 210451020
- Sponsor Address: 18 S. WEST BOULEVARD, NEWFIELD, NJ, 83449
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $15.5M
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 | 139 | $15.5M | $221,380 | $646,115 |
| 2023 | 127 | $13.7M | $205,085 | $589,808 |
| 2022 | 130 | $12.4M | $195,062 | $577,341 |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS LLC | BROKER/ADVISER | — | $9,314 | $9,314 |
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,314
- Estimated Expense Ratio: 0.060% 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 | $2,108 | — | $98 | — | — |
| 2023 | $3,904 | — | $3,829 | — | — |
| 2022 | $4,264 | — | $3,929 | — | — |