Plan Snapshot
- Plan Sponsor: Newgen Operations Management LLC
- Sponsor EIN: 834612746
- Sponsor Address: 9526 WEST PICO BLVD., LOS ANGELES, CA, 90024
- Plan Type: DC
- Total Participants: 7,226
- Total Assets: $19.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 7,226 | $19.1M | $57,786 | $3.2M |
| 2023 | 622 | $15.4M | $0 | $2.1M |
| 2022 | 6 | $128,750 | $3,426 | $128,493 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $143,306 | — | $143,306 |
| ACTUARIAL BENEFITS CORPORATION | CONTRACT ADMINISTRATOR | — | $40,223 | $40,223 |
| RAYMOND JAMES & ASSOCIATES, INC. | INVESTMENT ADVISORY | — | $39,823 | $39,823 |
| WEINBERG & COMPANY, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES & ASSOCIATES, INC. — INVESTMENT ADVISORY
- WEINBERG & COMPANY, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $223,352
- Estimated Expense Ratio: 1.167% 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 | $143,306 | — | $143,306 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |