Plan Snapshot
- Plan Sponsor: Newport Group, INC.
- Sponsor EIN: 272037969
- Sponsor Address: 35 IRON POINT CIRCLE, FOLSOM, CA, 95630
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 11,059
- Total Assets: $205.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 11,059 | $205.6M | $10.7M | $27.0M |
| 2023 | 8,076 | $130.4M | $6.8M | $17.3M |
| 2022 | 4,026 | $48.8M | $3.6M | $10.8M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Other Service Provider | $675,178 | — | $675,178 |
| LPL FINANCIAL | Recordkeeper | $159,048 | — | $159,048 |
| NEWPORT GROUP CONSULTING, LLC | Other Service Provider | $40,599 | — | $40,599 |
| NEWPORT TRUST COMPANY | Other Service Provider | $39,781 | — | $39,781 |
| J.M. ARBOUR WEALTH MANAGEMENT | Other Service Provider | $31,071 | — | $31,071 |
| WINTRUST RETIREMENT BENEFIT ADVISOR | Other Service Provider | $24,936 | — | $24,936 |
| CADENCE BANK | Other Service Provider | $24,376 | — | $24,376 |
| TRACTION FINANCIAL PARTNERS | Other Service Provider | $18,970 | — | $18,970 |
| BLAKESLEE AND BLAKESLEE FINANCIAL A | Other Service Provider | $18,269 | — | $18,269 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $16,714 | — | $16,714 |
| ASSUREDPARTNERS INVESTMENT ADVISORS | Other Service Provider | $16,579 | — | $16,579 |
| NAPLES ASSET MANAGEMENT COMPANY, LL | Other Service Provider | $15,341 | — | $15,341 |
| NOTE ADVISORS, LLC | Other Service Provider | $13,661 | — | $13,661 |
| SUCCESSFUL RETIREMENT SOLUTIONS,LLC | Other Service Provider | $13,430 | — | $13,430 |
| WHARTONHILL ADVISORS, LLC | Other Service Provider | $13,197 | — | $13,197 |
| QUANTUM FINANCIAL ADVISORS | Other Service Provider | $12,400 | — | $12,400 |
| ROBERTSON RYAN FINANCIAL SERVICES | Other Service Provider | $10,546 | — | $10,546 |
| J.W. COLE ADVISORS, INC. | Other Service Provider | $8,313 | — | $8,313 |
| RBC WEALTH MANAGEMENT | Other Service Provider | $7,686 | — | $7,686 |
| LEGACY WEALTH PARTNERS | Other Service Provider | $7,411 | — | $7,411 |
| MCADAM, LLC | Other Service Provider | $7,025 | — | $7,025 |
| THE BEACON GROUP OF COMPANIES | Other Service Provider | $6,977 | — | $6,977 |
| INTEGRITY WEALTH ADVISORS | Other Service Provider | $6,715 | — | $6,715 |
| WARREN CAPITAL GROUP | Other Service Provider | $6,478 | — | $6,478 |
| FORTUNE 360 GROUP, LLC | Other Service Provider | $5,648 | — | $5,648 |
| COMMUNITY FINANCIAL SERVICES | Other Service Provider | $5,361 | — | $5,361 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL — Recordkeeper
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,205,710
- Estimated Expense Ratio: 0.586% 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 | $1,250,612 | $740,600 | $274,224 | — | — |
| 2023 | $622,529 | $248,687 | $162,757 | — | — |
| 2022 | $232,992 | $57,892 | $170,227 | — | $4,786 |