Plan Snapshot
- Plan Sponsor: Newport Federal Bank
- Sponsor EIN: 620309135
- Sponsor Address: P.O. BOX 249, NEWPORT, TN, 37822
- Plan Type: 401(k)
- Total Participants: 36
- Total Assets: $5.0M
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 | 36 | $5.0M | $140,176 | $121,064 |
| 2023 | 39 | $4.7M | $136,228 | $113,577 |
| 2022 | 36 | $4.3M | $126,445 | $112,948 |