Newsday LLC 401(k) Review & Grade
Newsday 401(k) Savings Plan
Melville, NYInformation526 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,702Employer $ per active participant
$10,375Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$208.0MNet plan assets, end of year
$233,438Average balance per account
Score breakdown
- Employer generosity23.3 / 5047th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 74th |
| Employee saving | 60th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Newsday put in about $2,702 per active participant, below the typical peer ($2,829). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,421,091 |
| Participant (employee) contributions | $5,457,298 |
| Other contributions (incl. rollovers in) | $1,130,392 |
| Administrative expenses paid from the plan | $197,823 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $153,066 |
| Benefits paid out | $19,268,023 |
| Net assets, start / end of year | $193.2M / $208.0M |
| Active participants, start / end of year | 537 / 515 |
| Participants with account balances | 891 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $153,066 reported compensation |
| Fidelity Investments Institutional | $44,757 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929121915NAL0011279729001, received 2025-09-29, EIN 83-1344169, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.