Civic Intelligence

Newmat Northeast Corp.

Plan context: Newmat Northeast Corp. Cash Balance Plan

EIN 27-1515303 • West Babylon, NY • 18 filings • 3 plans

81 Mahan StreetWest Babylon, NY 11704
Current Snapshot

Latest Year

2024

2024 Participants

4

2024 Assets

$3,928,326

2024 Contributions

$100,000

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,928,326$1,964,163$0201620202024YearValue
$3,928,326Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

420201620202024YearValue
4Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202424$3,928,326$100,000$25,000iApproximate average salary by contribution assumption: employee only about $625,000 at 4% or $416,667 at 6%; with 50% employer match about $416,667 at 4% or $277,778 at 6%; with 100% employer match about $312,500 at 4% or $208,333 at 6%.
Newmat Northeast Corp. Cash Balance Plan-4$2,672,443$29,529$7,382iApproximate average salary by contribution assumption: employee only about $184,556 at 4% or $123,038 at 6%; with 50% employer match about $123,038 at 4% or $82,025 at 6%; with 100% employer match about $92,278 at 4% or $61,519 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-4$1,255,883$70,471$17,618iApproximate average salary by contribution assumption: employee only about $440,444 at 4% or $293,629 at 6%; with 50% employer match about $293,629 at 4% or $195,753 at 6%; with 100% employer match about $220,222 at 4% or $146,815 at 6%.
202324$3,520,266$63,309$15,827iApproximate average salary by contribution assumption: employee only about $395,681 at 4% or $263,788 at 6%; with 50% employer match about $263,788 at 4% or $175,858 at 6%; with 100% employer match about $197,841 at 4% or $131,894 at 6%.
Newmat Northeast Corp. Cash Balance Plan-4$2,504,739$63,309$15,827iApproximate average salary by contribution assumption: employee only about $395,681 at 4% or $263,788 at 6%; with 50% employer match about $263,788 at 4% or $175,858 at 6%; with 100% employer match about $197,841 at 4% or $131,894 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-4$1,015,527$0-
202224$3,063,514$484,000$121,000iApproximate average salary by contribution assumption: employee only about $3,025,000 at 4% or $2,016,667 at 6%; with 50% employer match about $2,016,667 at 4% or $1,344,444 at 6%; with 100% employer match about $1,512,500 at 4% or $1,008,333 at 6%.
Newmat Northeast Corp. Cash Balance Plan-4$2,214,037$395,500$98,875iApproximate average salary by contribution assumption: employee only about $2,471,875 at 4% or $1,647,917 at 6%; with 50% employer match about $1,647,917 at 4% or $1,098,611 at 6%; with 100% employer match about $1,235,938 at 4% or $823,958 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-4$849,477$88,500$22,125iApproximate average salary by contribution assumption: employee only about $553,125 at 4% or $368,750 at 6%; with 50% employer match about $368,750 at 4% or $245,833 at 6%; with 100% employer match about $276,563 at 4% or $184,375 at 6%.
202124$2,828,774$474,835$118,709iApproximate average salary by contribution assumption: employee only about $2,967,719 at 4% or $1,978,479 at 6%; with 50% employer match about $1,978,479 at 4% or $1,318,986 at 6%; with 100% employer match about $1,483,859 at 4% or $989,240 at 6%.
Newmat Northeast Corp. Cash Balance Plan-4$1,955,179$283,500$70,875iApproximate average salary by contribution assumption: employee only about $1,771,875 at 4% or $1,181,250 at 6%; with 50% employer match about $1,181,250 at 4% or $787,500 at 6%; with 100% employer match about $885,938 at 4% or $590,625 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-4$873,595$191,335$47,834iApproximate average salary by contribution assumption: employee only about $1,195,844 at 4% or $797,229 at 6%; with 50% employer match about $797,229 at 4% or $531,486 at 6%; with 100% employer match about $597,922 at 4% or $398,615 at 6%.
202024$2,147,323$425,314$106,329iApproximate average salary by contribution assumption: employee only about $2,658,213 at 4% or $1,772,142 at 6%; with 50% employer match about $1,772,142 at 4% or $1,181,428 at 6%; with 100% employer match about $1,329,106 at 4% or $886,071 at 6%.
Newmat Northeast Corp. Cash Balance Plan-4$1,557,997$283,500$70,875iApproximate average salary by contribution assumption: employee only about $1,771,875 at 4% or $1,181,250 at 6%; with 50% employer match about $1,181,250 at 4% or $787,500 at 6%; with 100% employer match about $885,938 at 4% or $590,625 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-4$589,326$141,814$35,454iApproximate average salary by contribution assumption: employee only about $886,338 at 4% or $590,892 at 6%; with 50% employer match about $590,892 at 4% or $393,928 at 6%; with 100% employer match about $443,169 at 4% or $295,446 at 6%.
201924$1,587,520$408,000$102,000iApproximate average salary by contribution assumption: employee only about $2,550,000 at 4% or $1,700,000 at 6%; with 50% employer match about $1,700,000 at 4% or $1,133,333 at 6%; with 100% employer match about $1,275,000 at 4% or $850,000 at 6%.
Newmat Northeast Corp. Cash Balance Plan-4$1,184,165$283,500$70,875iApproximate average salary by contribution assumption: employee only about $1,771,875 at 4% or $1,181,250 at 6%; with 50% employer match about $1,181,250 at 4% or $787,500 at 6%; with 100% employer match about $885,938 at 4% or $590,625 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-4$403,355$124,500$31,125iApproximate average salary by contribution assumption: employee only about $778,125 at 4% or $518,750 at 6%; with 50% employer match about $518,750 at 4% or $345,833 at 6%; with 100% employer match about $389,063 at 4% or $259,375 at 6%.
201823$1,035,329$351,500$117,167iApproximate average salary by contribution assumption: employee only about $2,929,167 at 4% or $1,952,778 at 6%; with 50% employer match about $1,952,778 at 4% or $1,301,852 at 6%; with 100% employer match about $1,464,583 at 4% or $976,389 at 6%.
Newmat Northeast Corp. Cash Balance Plan-3$796,507$270,000$90,000iApproximate average salary by contribution assumption: employee only about $2,250,000 at 4% or $1,500,000 at 6%; with 50% employer match about $1,500,000 at 4% or $1,000,000 at 6%; with 100% employer match about $1,125,000 at 4% or $750,000 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-3$238,822$81,500$27,167iApproximate average salary by contribution assumption: employee only about $679,167 at 4% or $452,778 at 6%; with 50% employer match about $452,778 at 4% or $301,852 at 6%; with 100% employer match about $339,583 at 4% or $226,389 at 6%.
201723$727,826$350,000$116,667iApproximate average salary by contribution assumption: employee only about $2,916,667 at 4% or $1,944,444 at 6%; with 50% employer match about $1,944,444 at 4% or $1,296,296 at 6%; with 100% employer match about $1,458,333 at 4% or $972,222 at 6%.
Newmat Northeast Corp. Cash Balance Plan-3$558,893$270,000$90,000iApproximate average salary by contribution assumption: employee only about $2,250,000 at 4% or $1,500,000 at 6%; with 50% employer match about $1,500,000 at 4% or $1,000,000 at 6%; with 100% employer match about $1,125,000 at 4% or $750,000 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-3$168,933$80,000$26,667iApproximate average salary by contribution assumption: employee only about $666,667 at 4% or $444,444 at 6%; with 50% employer match about $444,444 at 4% or $296,296 at 6%; with 100% employer match about $333,333 at 4% or $222,222 at 6%.
201623$350,003$350,000$116,667iApproximate average salary by contribution assumption: employee only about $2,916,667 at 4% or $1,944,444 at 6%; with 50% employer match about $1,944,444 at 4% or $1,296,296 at 6%; with 100% employer match about $1,458,333 at 4% or $972,222 at 6%.
Newmat Northeast Corp. Cash Balance Plan-3$270,000$270,000$90,000iApproximate average salary by contribution assumption: employee only about $2,250,000 at 4% or $1,500,000 at 6%; with 50% employer match about $1,500,000 at 4% or $1,000,000 at 6%; with 100% employer match about $1,125,000 at 4% or $750,000 at 6%.
Newmat Northeast Corp. 401(K) Profit Sharing Plan-3$80,003$80,000$26,667iApproximate average salary by contribution assumption: employee only about $666,667 at 4% or $444,444 at 6%; with 50% employer match about $444,444 at 4% or $296,296 at 6%; with 100% employer match about $333,333 at 4% or $222,222 at 6%.