Plan Snapshot
- Plan Sponsor: The New Iem, LLC
- Sponsor EIN: 651212631
- Sponsor Address: 48205 WARM SPRINGS BLVD, FREMONT, CA, 94539
- Plan Type: 401(k)
- Total Participants: 1,623
- Total Assets: $43.4M
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 | 1,623 | $43.4M | $1.5M | $5.3M |
| 2023 | 1,013 | $34.2M | $1.0M | $3.5M |
| 2022 | 559 | $25.0M | $704,215 | $2.5M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $71,614 | — | $71,614 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $65,279 | — | $65,279 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $25,216 | — | $25,216 |
| SENSIBA LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENSIBA LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $162,109
- Estimated Expense Ratio: 0.373% 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 | $162,107 | $96,829 | — | — | — |
| 2023 | $113,643 | $68,457 | — | — | — |
| 2022 | $82,702 | $59,934 | $22,320 | — | — |