# Newport News Shipbuilding Employees Credit Union, INC. 401(k) Plan
Source: https://planprovider.pro/companies/newport-news-shipbuilding-employees-credit-union-inc-401k-plan

> Newport News Shipbuilding Employees Credit Union, INC.'s 401(k) plan: 458 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Newport News Shipbuilding Employees Credit Union, INC.

- **Sponsor EIN:** 540314180

- **Sponsor Address:** ONE BAYPORT WAY, NEWPORT NEWS, VA, 23606

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

- **Total Participants:** 458

- **Total Assets:** $48.4M

## 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|458|$48.4M|$855,125|$2.2M|

| 2023|430|$42.2M|$740,305|$1.9M|

| 2022|417|$34.4M|$745,980|$1.9M|

## 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|

| ASCENSUS LLC|NONE|$21,636|$41,146|$62,782|

| DOEREN MAYHEW ASSURANCE|NONE|$12,500|—|$12,500|

### Verified Provider Profiles

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

- [DOEREN MAYHEW ASSURANCE](https://planprovider.pro/provider/doeren-mayhew-assurance) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $75,282

- **Estimated Expense Ratio:** 0.156% 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|$37,748|$3,612|$21,636|$12,500|—|

| 2023|$10,100|—|$10,100|—|—|

| 2022|$18,800|—|$8,200|—|$10,600|

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