Plan Ledger DOL Form 5500 · updated monthly

Newtonx, Inc.401(k)

NEWTONX 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Newtonx, Inc. reported $1,805 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,733 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 1 year on file its reported administrative ratio fell from 0.04% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New York (3,925th of 5,648), and 1,651st of 2,199 in information & media. In 2024, employees put in $3.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,896,377
Participants with balances200
Active participants113
Employer contributions$421,857
Employee contributions$1,361,806
Employer contribution per active participant$3,733
Average account balance$39,482
Benefits paid to participants$647,840
Plan auditUnmodified (clean) audit opinion
AuditorFRANK RIMERMAN CO.LLP
Plan history2
Yearassets · accounts · employer contribution
2024$7.9M · 200 accts · $422K emplr
2023$5.7M · 185 accts · $515K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$551
Investment management$1,254
Total administrative$1,805
The Newtonx, Inc. 401(k) match · 2024
Employer contribution per active participant$3,733
Median for plans this size$1,313
2024$3,733 per active participant
2023$4,684 per active participant

Newtonx, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$551

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

Administrative cost history2
2024$1,805 · 0.03%
2023$1,541 · 0.04%
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Source: U.S. Department of Labor, Form 5500 series, EIN 812776140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.