Plan Snapshot
- Plan Sponsor: Newstead Farms, INC.
- Sponsor EIN: 161350390
- Sponsor Address: PO BOX 410, CLARENCE, NY, 14031
- Plan Type: 401(k)
- Total Participants: 245
- Total Assets: $16.4M
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 | 245 | $16.4M | $972,241 | $815,410 |
| 2023 | 217 | $14.3M | $417,266 | $787,332 |
| 2022 | 217 | $12.1M | $845,732 | $803,686 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INS CO OF NY | Recordkeeper | $46,188 | — | $46,188 |
| OSAIC FA INC | Investment Advisor | — | $26,435 | $26,435 |
| ACTUARIAL CONSULTING SERVICES INC | Other Service Provider | $8,223 | — | $8,223 |
| COMMONWEALTH EQUITY SERVICES LLC | Investment Advisor | $8,221 | — | $8,221 |
| EMPOWER ADVISORY GROUP | Investment Advisor | $5,102 | — | $5,102 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,169
- Estimated Expense Ratio: 0.573% 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 | $59,622 | — | — | — | — |
| 2023 | $47,953 | — | $47,953 | — | — |
| 2022 | $46,521 | — | $46,521 | — | — |