Plan Snapshot
- Plan Sponsor: Newport Diversified, INC.
- Sponsor EIN: 330074971
- Sponsor Address: 4695 MACARTHUR CT., SUITE 1420, NEWPORT BEACH, CA, 92660
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $9.6M
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 | 198 | $9.6M | $178,080 | $499,110 |
| 2023 | 173 | $8.3M | $166,570 | $487,745 |
| 2022 | 156 | $7.1M | $140,989 | $422,666 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BEACON POINTE ADVISORS LLC | INVESTMENT ADVISOR | $26,486 | — | $26,486 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $11,362 | — | $11,362 |
| KB ACTUARIAL INC | CONTRACT ADMIN | — | $8,828 | $8,828 |
| WITHUM SMITH & BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH & BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,676
- Estimated Expense Ratio: 0.485% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $17,627 | — | — | — | — |
| 2023 | $16,118 | — | — | — | — |
| 2022 | $14,751 | — | — | — | $14,751 |