# Newsbank, INC. 401(k) Plan
Source: https://planprovider.pro/companies/newsbank-inc-401k-plan

> Newsbank, INC.'s 401(k) plan: 330 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/trg-investment-advisors-llc) — ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [URISH POPECK & CO., LLC](https://planprovider.pro/provider/urish-popeck-and-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|—|—|—|—|

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