# Newport Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/newport-group-inc-401k-plan-002

> Newport Group, INC.'s 401(k) plan: 11,059 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Newport Group, INC.

- **Sponsor EIN:** 272037969

- **Sponsor Address:** 35 IRON POINT CIRCLE, FOLSOM, CA, 95630

- **Plan Type:** 401(k)

- **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.|PLAN SPONSOR|$675,178|—|$675,178|

| LPL FINANCIAL|NONE|$159,048|—|$159,048|

| NEWPORT GROUP CONSULTING, LLC|AFFILIATE|$40,599|—|$40,599|

| NEWPORT TRUST COMPANY|AFFILIATE|$39,781|—|$39,781|

| J.M. ARBOUR WEALTH MANAGEMENT|NONE|$31,071|—|$31,071|

| WINTRUST RETIREMENT BENEFIT ADVISOR|NONE|$24,936|—|$24,936|

| CADENCE BANK|NONE|$24,376|—|$24,376|

| TRACTION FINANCIAL PARTNERS|NONE|$18,970|—|$18,970|

| BLAKESLEE AND BLAKESLEE FINANCIAL A|NONE|$18,269|—|$18,269|

| COMMONWEALTH FINANCIAL NETWORK|NONE|$16,714|—|$16,714|

| ASSUREDPARTNERS INVESTMENT ADVISORS|NONE|$16,579|—|$16,579|

| NAPLES ASSET MANAGEMENT COMPANY, LL|NONE|$15,341|—|$15,341|

| NOTE ADVISORS, LLC|NONE|$13,661|—|$13,661|

| SUCCESSFUL RETIREMENT SOLUTIONS,LLC|NONE|$13,430|—|$13,430|

| WHARTONHILL ADVISORS, LLC|NONE|$13,197|—|$13,197|

| QUANTUM FINANCIAL ADVISORS|NONE|$12,400|—|$12,400|

| ROBERTSON RYAN FINANCIAL SERVICES|NONE|$10,546|—|$10,546|

| J.W. COLE ADVISORS, INC.|NONE|$8,313|—|$8,313|

| RBC WEALTH MANAGEMENT|NONE|$7,686|—|$7,686|

| LEGACY WEALTH PARTNERS|NONE|$7,411|—|$7,411|

| MCADAM, LLC|NONE|$7,025|—|$7,025|

| THE BEACON GROUP OF COMPANIES|NONE|$6,977|—|$6,977|

| INTEGRITY WEALTH ADVISORS|NONE|$6,715|—|$6,715|

| WARREN CAPITAL GROUP|NONE|$6,478|—|$6,478|

| FORTUNE 360 GROUP, LLC|NONE|$5,648|—|$5,648|

| COMMUNITY FINANCIAL SERVICES|NONE|$5,361|—|$5,361|

| CLIFTONLARSONALLEN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LPL FINANCIAL](https://planprovider.pro/provider/equitable) — NONE

- [COMMONWEALTH FINANCIAL NETWORK](https://planprovider.pro/provider/commonwealth-financial-network) — NONE

- [ASSUREDPARTNERS INVESTMENT ADVISORS](https://planprovider.pro/provider/assuredpartners-investment-advisors) — NONE

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## 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|

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