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: 1,072
- Total Assets: $86.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,072 | $86.2M | $3.1M | $4.8M |
| 2023 | 830 | $56.9M | $2.2M | $3.1M |
| 2022 | 530 | $21.3M | $719,455 | $1.2M |
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 |
|---|---|---|---|---|
| BUCKINGHAM RETIREMENT SOLUTIONS | NONE | $350,610 | — | $350,610 |
| NEWPORT GROUP, INC. | PLAN SPOSNSOR | $83,564 | — | $83,564 |
| NEWPORT TRUST COMPANY | AFFILIATE | $14,961 | — | $14,961 |
| 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: $449,135
- Estimated Expense Ratio: 0.521% 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 | $449,135 | $350,610 | $58,988 | — | — |
| 2023 | $215,491 | $169,732 | $38,030 | $5,565 | — |
| 2022 | $494,590 | — | $35,541 | — | — |