Plan Ledger DOL Form 5500 · updated monthly

New Leaf Energy401(k)

NEW LEAF ENERGY 401(K) PLAN · LOWELL, MA · plan year 2025

Reported admin expense ratio · 2025
0.36%

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

New Leaf Energy reported $92,459 in plan administrative expenses for 2025: 0.36% of average plan assets, above the peer median. Employer contributions averaged $9,197 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 0.29% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other utilities employers. By assets it is the 1,035th-largest of 2,726 plans among Massachusetts employers on file, and 230th of 412 in utilities. In 2025, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 152 to 178 since 2022.

Plan summary
Net assets, end of year$29,109,466
Participants with balances216
Active participants178
Employer contributions$1,637,092
Employee contributions$2,789,100
Employer contribution per active participant$9,197
Average account balance$134,766
Benefits paid to participants$2,087,536
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$29.1M · 216 accts · $1.6M emplr
2024$21.6M · 211 accts · $1.3M emplr
2023$15.7M · 186 accts · $906K emplr
2022$9.6M · 138 accts · $123K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$73,633
Investment management$18,826
Total administrative$92,459
The New Leaf Energy 401(k) match · 2025
Employer contribution per active participant$9,197
Median for plans this size$2,666
2025$9,197 per active participant
2024$5,914 per active participant
2023$4,551 per active participant
2022$807 per active participant

New Leaf Energy's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
EMPOWER ADVISORY GROUP, LLC · Investment management$18,826

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

Administrative cost history4
2025$92,459 · 0.36%
2024$64,935 · 0.35%
2023$36,812 · 0.29%
2022Not separately reported
Same employer
Similar plansUtilities · Massachusetts
Vicinity Energy, LLC MA$99.4M · 0.07%
Robert B. Our Co., Inc. MA$20.0M · 0.46%
S.G. Torrice Co., Inc MA$15.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 882391619 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.