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

> Newport Assets INC's 401(k) plan: 13 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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