Plan Snapshot
- Plan Sponsor: Newport Harbor Corporation
- Sponsor EIN: 050191225
- Sponsor Address: 300 METRO CENTER BLVD. SUITE 100, WARWICK, RI, 028861763
- Plan Type: 401(k)
- Total Participants: 1,207
- Total Assets: $12.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,207 | $12.3M | $0 | $1.2M |
| 2023 | 992 | $10.1M | $0 | $1.1M |
| 2022 | 975 | $7.4M | $0 | $919,765 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $36,098 | — | $36,098 |
| GLOBAL RETIREMENT PARTNE | INVESTMENT ADVISORY | $7,494 | $9 | $7,503 |
| BDMP ASSURANCE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNE — INVESTMENT ADVISORY
- BDMP ASSURANCE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,601
- Estimated Expense Ratio: 0.353% 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 | $43,592 | $7,494 | $36,098 | — | — |
| 2023 | $44,284 | $9,725 | $32,636 | — | — |
| 2022 | $38,402 | $7,500 | $27,079 | — | $3,823 |