Plan Snapshot
- Plan Sponsor: Newport Gardens Apartments, L.P.
- Sponsor EIN: 811588444
- Sponsor Address: 877 ROCKAWAY AVE, BROOKLYN, NY, 11212
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $0 | $0 |
| 2023 | 0 | $126 | $7,168 | $129,874 |
| 2022 | 155 | $660,428 | $52,760 | $301,290 |
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 |
|---|---|---|---|---|
| ALLIANT INSURANCE SERVICES | Other Service Provider | $56,226 | — | $56,226 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | Recordkeeper | $50,196 | — | $50,196 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,422
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 | — | — | — | — | — |
| 2023 | $52,843 | — | $52,843 | — | — |
| 2022 | $14,286 | — | $14,286 | — | — |