Plan Snapshot
- Plan Sponsor: Newport Assets INC
- Sponsor EIN: 330682820
- Sponsor Address: 14 CORPORATE PLAZA DRIVE SUITE 200, NEWPORT BEACH, CA, 92660
- Plan Type: 401(k)
- Total Participants: 13
- Total Assets: $3.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 13 | $3.2M | $40,920 | $123,131 |
| 2023 | 11 | $3.0M | $48,753 | $153,288 |
| 2022 | 13 | $3.8M | $69,517 | $177,973 |