How big is Newtekone, Inc.'s plan?

Newtekone, Inc.'s plan reported $41.6M in assets and 596 participants for 2024.

Original filing (PDF)20251006143812NAL0006324208001

Newtekone, Inc.

Name: Newtekone, Inc. — Newtekone, Inc. 401(k) Plan, Form 5500 (2024)
Creator: Newtekone, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Newtekone, Inc. 401(k) Plan

401(k) retirement plan · Newtekone, Inc.'s Newtekone, Inc. 401(k) Plan held $41.6M in plan assets for 596 participants in 2024, with Fidelity as recordkeeper.

Signals · 1

Corrective distributions issued

Active participants

596

Accounts w/ balance

715

Plan assets (EOY)

$41.6M

Net assets (EOY)

$41.6M

People on this filing

Michael Scott Price signed Newtekone, Inc.'s 2024 Form 5500 as plan administrator.

Michael Scott Price — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Newtekone, Inc.'s EIN is 46-3755188.

EIN 46-3755188

Plan number 001

Plan year 2024

ACK ID 20251006143812NAL0006324208001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Newtekone, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Newtekone, Inc.'s plan includes automatic enrollment, profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for NEWTEKONE, INC..

Finding similar companies…

How this plan invests

This plan

41 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).

Plan sponsor

Name

NEWTEKONE, INC.

EIN

all filings

Address

1981 MARCUS AVENUE, SUITE 130 · LAKE SUCCESS, NY · 11042

Phone

(212) 356-9500

Industry

Management of Companies / Holdings

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-06

Pension benefit codes

3H · Sponsor in controlled / affiliated group

2S · Automatic enrollment

2E · Profit-sharing

3I · Requires investment in employer securities

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2T · Default investment account (QDIA)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
FIDELITY INVESTMENTS INSTITUTIONAL	04-2647786	—	RECORDKEEPER	$65K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
RBC WEALTH MANAGEMENT	41-1416330	—	ADVISOR	$74K	—

Investments

41 direct securities· $41.6M(100% of reported assets)

Mutual Funds

$35.4M

23 holdings

Other securities

$2.4M

9 holdings

Common Collective Trusts

$2.3M

6 holdings

Common Stocks

$752K

1 holding

Bonds / Notes

$650K

1 holding

U.S. Treasuries

$95K

1 holding

					% of plan
Fidelity Freedom 2035 Fund Mutual Fund	Mutual Funds	—	—	$4.8M	11.5%
Fidelity Blue Chip Growth Fund Mutual Fund	Mutual Funds	—	—	$4.6M	11.1%
Fidelity Freedom 2030 Fund Mutual Fund	Mutual Funds	—	—	$4.2M	10.0%
Fidelity Freedom 2040 Fund Mutual Fund	Mutual Funds	—	—	$3.1M	7.5%
Fidelity Freedom 2045 Fund Mutual Fund	Mutual Funds	—	—	$2.8M	6.7%
Fidelity Money Market Trust Money Market Fund	Mutual Funds	—	—	$2.2M	5.3%
Fidelity Freedom 2050 Fund Mutual Fund	Mutual Funds	—	—	$2.1M	5.1%
Fidelity Freedom 2055 Fund Mutual Fund	Mutual Funds	—	—	$2.1M	5.0%
Fidelity 500 Index Fund Mutual Fund	Common Collective Trusts	—	—	$1.8M	4.4%
Fidelity Freedom 2025 Fund Mutual Fund	Mutual Funds	—	—	$1.4M	3.3%
Fidelity Freedom 2060 Fund Mutual Fund	Mutual Funds	—	—	$1.3M	3.2%
Fidelity Small Cap Grown Fund Mutual Fund	Mutual Funds	—	—	$1.3M	3.1%
Fidelity Select Biotechnology Portfolio Mutual Fund	Mutual Funds	—	—	$1.0M	2.4%
Invesco Diversified Dividend Fund R5 Class Mutual Fund	Mutual Funds	—	—	$959K	2.3%
Fidelity Puritan Fund Mutual Fund	Mutual Funds	—	—	$876K	2.1%
Newtek Business Services Employer Securities	Common Stocks	—	—	$752K	1.8%
Massmutual Premier Small Cap Opp Fund Admin Class Mutual Fund	Other securities	—	—	$678K	1.6%
Notes receivable from participants Interest rates from 4.25% to 9.50%	Bonds / Notes	—	—	$650K	1.6%
Mfs Global Equity Fund Class R3 Mutual Fund	Mutual Funds	—	—	$639K	1.5%
Janus Enterprise Fund Class T Mutual Fund	Mutual Funds	—	—	$628K	1.5%
Fidelity Freedom 2020 Fund Mutual Fund	Mutual Funds	—	—	$581K	1.4%
Victory Sycamore Established Value Fund Class A Mutual Fund	Other securities	—	—	$531K	1.3%
T. Rowe Price Divident Growth Fund Advisor Class Mutual Fund	Other securities	—	—	$487K	1.2%
Fidelity Freedom 2065 Fund Mutual Fund	Mutual Funds	—	—	$353K	0.8%
Fidelity Mid Cap Index Fund Mutual Fund	Common Collective Trusts	—	—	$277K	0.7%
PGIM High Yield Fund R6 Mutual Fund	Other securities	—	—	$274K	0.7%
Baird Core Plus Bond Fund Class Investor Mutual Fund	Other securities	—	—	$258K	0.6%
Fidelity Freedom 2015 Fund Mutual Fund	Mutual Funds	—	—	$125K	0.3%
Fidelity Small Cap Index Fund Mutual Fund	Common Collective Trusts	—	—	$123K	0.3%
Invesco Main Street Mid Cap A Fund Mutual Fund	Mutual Funds	—	—	$119K	0.3%
JPMorgan Government Bond Fund Select Class I Mutual Fund	U.S. Treasuries	—	—	$95K	0.2%
Fidelity Freedom Income Fund Mutual Fund	Mutual Funds	—	—	$72K	0.2%
AS Utility & Tele IS Mutual Fund	Other securities	—	—	$65K	0.2%
Fidelity International Bond Index Fund Mutual Fund	Common Collective Trusts	—	—	$55K	0.1%
Mfs Conservative Allocation Fund Class R3 Mutual Fund	Mutual Funds	—	—	$55K	0.1%
Columbia Thermostat Fund Class R4 Shares Mutual Fund	Other securities	—	—	$53K	0.1%
Fidelity Freedom 2010 Fund Mutual Fund	Mutual Funds	—	—	$52K	0.1%
Baird Short-Term Bond Fund Investor Class Mutual Fund	Other securities	—	—	$40K	<0.1%
Fidelity US Bond Index Fund Mutual Fund	Common Collective Trusts	—	—	$36K	<0.1%
DWS R Global RE SEC S Mutual Fund	Other securities	—	—	$26K	<0.1%
Fidelity International Index Fund Mutual Fund	Common Collective Trusts	—	—	$16K	<0.1%