Plan Snapshot
- Plan Sponsor: Ngp Management, LLC
- Sponsor EIN: 261655191
- Sponsor Address: 3 PLUFF AVE, NORTH READING, MA, 01864
- Plan Type: 401(k)
- Total Participants: 1,533
- Total Assets: $21.1M
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 | 1,533 | $21.1M | $509,388 | $1.1M |
| 2023 | 1,682 | $19.4M | $527,403 | $1.1M |
| 2022 | 1,439 | $16.2M | $475,108 | $965,248 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $45,598 | — | $45,598 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | $18,750 | — | $18,750 |
| WELLTH ADVISORY SERVICES, LLC | INVESTMENT ADVISOR | $6,250 | — | $6,250 |
| THE ANGELL PENSION GROUP INC. | TPA | $5,144 | — | $5,144 |
| EJ CALLAHAN & ASSOCIATES, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,742
- Estimated Expense Ratio: 0.360% 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 | $122,582 | $25,000 | $81,606 | — | — |
| 2023 | $114,013 | $25,000 | $65,520 | — | — |
| 2022 | $97,578 | — | — | — | — |