New Era Life Insurance 401(k) match, vesting and fees
What New Era Life Insurance's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Paychex, Inc. | Schedule C ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| New Era Life Insurance: employer contribution per participant | $931 | |
| Peer median | $2,868 |
| New Era Life Insurance: average balance | $70,405 | |
| Peer median | $95,281 |
| New Era Life Insurance: admin expenses ÷ assets | 0.43% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $24.7M at the end of plan year 2021 to $26.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 404 | $26.5M | $351K | $931 | 0.43% | Not published | Form 5500 ↗ |
| 2023 | 378 | $23.8M | $338K | $953 | 0.43% | Not published | Form 5500 ↗ |
| 2022 | 371 | $21.4M | $293K | $915 | 0.43% | Not published | Form 5500 ↗ |
| 2021 | 338 | $24.7M | $307K | $1,225 | 0.42% | Not published | Form 5500 ↗ |
Common questions
Does New Era Life Insurance match 401(k) contributions?
The match terms for the New Era Life Insurance Company 401(k) Profit Sharing Plan & Trust have not been published from its filing yet. The plan year 2024 filing reports $351K in employer contributions, about $931 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the New Era Life Insurance 401(k) match vested?
The vesting schedule for the New Era Life Insurance Company 401(k) Profit Sharing Plan & Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the New Era Life Insurance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Paychex, Inc.. The plan administrator is New Era Life Insurance Company.
I left New Era Life Insurance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (New Era Life Insurance Company, (281) 368-7281) or the recordkeeper, Paychex, Inc.. The New Era Life Insurance old 401(k) page lists the contacts from every plan filing. Find an old New Era Life Insurance 401(k)
Data from the public Form 5500 annual reports New Era Life Insurance filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with New Era Life Insurance. Not financial advice. Report a correction · Methodology