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: 4,855
- Total Assets: $368.6M
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 | 4,855 | $368.6M | $12.8M | $21.1M |
| 2023 | 4,175 | $291.7M | $8.9M | $16.0M |
| 2022 | 2,741 | $175.8M | $5.6M | $8.8M |
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 |
|---|---|---|---|---|
| LUTZ FINANCIAL | NONE | $649,786 | — | $649,786 |
| NEWPORT GROUP, INC. | PLAN SPONSOR | $375,083 | — | $375,083 |
| NEWPORT TRUST COMPANY | AFFILIATE | $80,050 | — | $80,050 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,104,919
- Estimated Expense Ratio: 0.300% 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 | $1,104,919 | $654,179 | $264,323 | — | — |
| 2023 | $731,897 | $411,468 | $184,235 | — | — |
| 2022 | $362,338 | $184,043 | $150,395 | — | $27,900 |