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: 1,212
- Total Assets: $17.9M
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 | 1,212 | $17.9M | $1.6M | $3.6M |
| 2023 | 988 | $5.7M | $611,546 | $1.1M |
| 2022 | 235 | $2.3M | $215,976 | $398,704 |
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 | $39,196 | — | $39,196 |
| QUALIFIED PLAN ADVISORS | NONE | $27,507 | — | $27,507 |
| 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: $66,703
- Estimated Expense Ratio: 0.374% 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 | $91,554 | $51,314 | $31,946 | — | — |
| 2023 | $52,455 | $16,792 | $19,345 | — | — |
| 2022 | $32,343 | — | $9,099 | — | — |