Plan Snapshot
- Plan Sponsor: Newsbank, INC.
- Sponsor EIN: 061084869
- Sponsor Address: 397 MAIN STREET, CHESTER, VT, 05143
- Plan Type: 401(k)
- Total Participants: 330
- Total Assets: $59.1M
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 | 330 | $59.1M | $577,480 | $3.3M |
| 2023 | 338 | $51.8M | $605,986 | $3.2M |
| 2022 | 345 | $42.9M | $545,505 | $2.8M |
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 |
|---|---|---|---|---|
| TRG INVESTMENT ADVISORS LLC | ADVISOR | $39,362 | — | $39,362 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $37,200 | — | $37,200 |
| URISH POPECK & CO., LLC | ACCOUNTANT/AUDITOR | $15,475 | — | $15,475 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRG INVESTMENT ADVISORS LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- URISH POPECK & CO., LLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,037
- 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 | $93,655 | $40,980 | — | $15,475 | — |
| 2023 | $44,073 | $29,188 | — | $7,863 | — |
| 2022 | -$12,466 | — | — | — | — |