# Newport Academy, INC. 401(k) Plan
Source: https://planprovider.pro/companies/newport-academy-inc-401k-plan

> Newport Academy, INC.'s 401(k) plan: 15 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Newport Academy, INC.

- **Sponsor EIN:** 452189178

- **Sponsor Address:** 1825 WEST NEWPORT AVE, CHICAGO, IL, 60657

- **Plan Type:** 401(k)

- **Total Participants:** 15

- **Total Assets:** $373,998

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|15|$373,998|$23,549|$39,822|

| 2023|18|$281,639|$26,296|$49,940|

| 2022|19|$179,629|$25,423|$36,876|

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