Newgen Operations Management 401(k) match, vesting and fees
What Newgen Operations Management'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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Weinberg & Company, P.A. (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,380 defined-contribution plans in health care and social assistance with 500 to 999 participants.
| Newgen Operations Management: employer contribution per participant | $79 | |
| Peer median | $1,337 |
| Newgen Operations Management: average balance | $26,255 | |
| Peer median | $35,764 |
| Newgen Operations Management: admin expenses ÷ assets | 0.83% | |
| Peer median | 0.32% |
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 $129K at the end of plan year 2022 to $19.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 7,310 | $19.1M | $58K | $79 | 0.83% | Not published | Form 5500 ↗ |
| 2023 | 7,108 | $15.4M | — | — | 0.62% | Not published | 5500-SF ↗ |
| 2022 | 271 | $129K | $3,426 | $571 | 0.30% | Not published | 5500-SF ↗ |
Common questions
Does Newgen Operations Management match 401(k) contributions?
The match terms for the 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $58K in employer contributions, about $79 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Newgen Operations Management 401(k) match vested?
The vesting schedule for the 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Newgen Operations Management 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Newgen Operations Management LLC.
I left Newgen Operations Management. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Newgen Operations Management LLC, (323) 546-3465) or the recordkeeper, Principal Life Insurance Company. The Newgen Operations Management old 401(k) page lists the contacts from every plan filing. Find an old Newgen Operations Management 401(k)
Data from the public Form 5500 annual reports Newgen Operations Management filed with the U.S. Department of Labor (plan years 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 Newgen Operations Management. Not financial advice. Report a correction · Methodology