Plan Ledger DOL Form 5500 · updated monthly

New England Life Insurance CompanyMoney purchase plan

NEW ENGLAND LIFE INSURANCE COMPANY AGENTS' RETIREMENT PLAN AND TRUST · CHARLOTTE, NC · plan year 2022

Reported admin expense ratio · 2022
0.05%

New England Life Insurance Company reported $58,171 in plan administrative expenses for 2022: 0.05% of average plan assets, lower than ~75% 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 2 years on file its reported administrative ratio rose from 0.05% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other finance & insurance employers. By assets it is the 216th-largest of 2,005 plans among North Carolina employers on file, and the 1,041st of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$95,109,019
Participants with balances510
Active participants0
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$186,488
Benefits paid to participants$12,640,242
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$84.5M · 423 accts
2023$87.6M · 462 accts
2022$95.1M · 510 accts
Administrative expenses, itemized · 2022
Professional / advisory$58,171
Total administrative$58,171
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$79,532 · 0.09%
2023$78,417 · 0.09%
2022$58,171 · 0.05%
Same employer
Similar plansFinance & Insurance · North Carolina
Live Oak Banking Company NC$130.0M · 0.08%
Lendingtree, Inc. NC$107.4M · 0.19%
Hometrust Bancshares, Inc. NC$100.2M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042708937 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.