Plan Ledger DOL Form 5500 · updated monthly

New Age Protection, Inc.401(k)

NEW AGE PROTECTION, INC. 401(K) PLAN · SPRINGFIELD, VA · plan year 2023

Reported admin expense ratio · 2023
2.10%

New Age Protection, Inc. reported $27,760 in plan administrative expenses for 2023: 2.10% of average plan assets, higher than ~90% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 1.99% to 2.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Virginia (2,135th of 2,266), and 2,082nd of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$1,377,029
Participants with balances127
Active participants264
Employer contributions—
Employee contributions$183,120
Employer contribution per active participant—
Average account balance$10,843
Benefits paid to participants$249,110
Plan auditUnmodified (clean) audit opinion
AuditorBURDETTE SMITH & BISH LLC
Plan history2
Yearassets · accounts · employer contribution
2023$1.4M · 127 accts
2022$1.3M · 220 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,760
Total administrative$27,760
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,854

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$27,760 · 2.10%
2022$29,578 · 1.99%
Similar plansAdministrative & Support Services · Virginia
Infused Solutions, LLC VA$2.2M · 0.06%
Lewis-Price, Inc. VA$1.6M · 0.90%
Nursespring, LLC VA$1.6M · 0.40%
Falken Industries LLC VA$1.3M · 2.79%
Outstaffing, Inc. VA$1.2M · 0.69%
Productiv, Inc. VA$1.2M · 0.03%
Comtrix Solutions Inc VA$1.1M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202027147 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.