Plan Ledger DOL Form 5500 · updated monthly

Newtel Management LLC401(k)

NEWTEL MANAGEMENT 401(K) PLAN · NORTHBROOK, IL · plan year 2023

Reported admin expense ratio · 2023
0.62%

Newtel Management LLC reported $11,343 in plan administrative expenses for 2023: 0.62% of average plan assets, above the peer median. 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 has held roughly steady near 0.62%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Illinois (3,367th of 3,702), and 1,453rd of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$1,976,981
Participants with balances94
Active participants163
Employer contributions—
Employee contributions$92,151
Employer contribution per active participant—
Average account balance$21,032
Benefits paid to participants$63,858
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO LTD
Plan history2
Yearassets · accounts · employer contribution
2023$2.0M · 94 accts
2022$1.7M · 106 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,053
Investment management$9,290
Total administrative$11,343
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 · 20232
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$2,053
SAGEVIEW ADVISORY GROUP · Investment advisory (participants)$9,290

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$11,343 · 0.62%
2022$12,464 · 0.65%
Similar plansAccommodation & Food Services · Illinois
Bold Enterprises, Inc. IL$2.2M · 0.87%
Patio Food Products, Inc. IL$2.2M · 1.28%
King Enterprises IL$2.2M · 0.03%
Vpc Pizza Management, LLC IL$1.8M · 1.01%
Grg Holdings LLC IL$1.6M · 0.25%
Toms King Services, LLC IL$1.6M · 1.30%
Jann Restaurant, Inc. IL$1.3M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364076571 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.