Plan Ledger DOL Form 5500 · updated monthly

New Enterprise Associates, Inc.401(k)

NEW ENTERPRISE ASSOCIATES 401(K) PLAN · TIMONIUM, MD · plan year 2024

Reported admin expense ratio · 2024
0.09%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

New Enterprise Associates, Inc. reported $122,040 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $33,719 per active participant. 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 0.086% to 0.092%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 131st-largest of 1,671 plans among Maryland employers on file, and the 785th of 4,798 in finance & insurance. In 2024, the employer put in $2.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$137,552,146
Participants with balances231
Active participants132
Employer contributions$4,450,884
Employee contributions$2,152,150
Employer contribution per active participant$33,719
Average account balance$595,464
Benefits paid to participants$16,721,434
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$137.6M · 231 accts · $4.5M emplr
2023$126.9M · 229 accts · $4.3M emplr
2022$107.3M · 220 accts · $4.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,289
Investment management$56,855
Total administrative$122,040
The New Enterprise Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$33,719
Median for plans this size$3,635
2024$33,719 per active participant
2023$33,654 per active participant
2022$30,517 per active participant

New Enterprise Associates, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
T ROWE PRICE RPS INC · Recordkeeping · Loan processing$65,289
MESIROW FINANCIAL · Investment advisory (plan)$56,855

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$122,040 · 0.09%
2023$104,927 · 0.09%
2022$100,573 · 0.09%
Similar plansFinance & Insurance · Maryland
Sandy Spring Bancorp, Inc MD$227.8M · 0.08%
Secu Credit Union MD$116.8M · 0.21%
Mariner Finance LLC MD$112.7M · 0.30%
Tower Federal Credit Union MD$110.1M · 0.13%
Ullico Inc. MD$104.3M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521100673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.