# Newport Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/newport-group-inc-401k-plan-012

> Newport Group, INC.'s 401(k) plan: 4,855 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:** 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](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:** $1,104,919

- **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|

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