Select Page

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN

Plan Contact

  • Address: 212 W 35TH STREET,,NEW YORK,NY
  • Contact person: STEVEN RIEGLER
  • Phone: (212) 356-9529

Plan General Information

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2012, the total retirement plan assets of NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is $4,377,333.00.This plan was established in 2004.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2012, the total number of retirement plan participants in NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is 340

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2012, the average participant retirement account value for NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is $12,874.00

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2012, the estimated average employee contribution amount per participant for NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is $4,635.00.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Estimated Average Employer Match

In 2012, the estimated average employer match for an employee in NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is approximately $320.00
Investing in this additonal $320.00 for 20 years would give you extra $20,520.00, assuming a 10% annual return.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2012, NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN allocates $109,014.00 to match its employees' contributions, providing an employer match rate of 13.83% of their contributions

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2012, the total retirement plan asset growth rate of NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is 33.57%.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2012, the estimated aggregate retirement account investment gain/loss for NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is 14.22%. This measures the effectiveness of the plan participants' investments in the year.

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN Expense Ratio

In 2012, the investment and administrative expense ratio of NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN is 0.02%.

Enrollment Features

NEWTEK BUSINESS SERVICES, INC. 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

Recent Articles

Free newsletters

High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...

Puzzled on what to invest?

  • We ask a few questions to decide your personal return and risk expectations
  • We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a  brokerage account
  • We monitor and send timely rebalance emails on what investment funds to buy and sell

Get Started

Looking for ideas to generate income?

  • ETF or mutual fund income portfolios for 4-7% annual income
  • Dividend stock funds
  • Passive real estate investments
  • more ...

Click for tips and plans for income

Portfolio Calculator (Simulator)

Quickly enter fund allocation and get a back test result on the performance of this 'lazy' portfolio.

Customize Asset Allocation Portfolios

Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.

Retirement Calculator

See how much you can save for retirement.

Investment Calculator

Grow your wealth and see the power of compounding.


Looking for a (forgotten) 401(k)?

Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...