# Newport Harbor Corporation 401(k) Plan
Source: https://planprovider.pro/companies/newport-harbor-corporation-plan-002

> Newport Harbor Corporation's 401(k) plan: 1,207 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/global-retirement-partners-llc) — INVESTMENT ADVISORY

- [BDMP ASSURANCE, LLP](https://planprovider.pro/provider/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|

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- [Newport Harbor Corporation](https://planprovider.pro/companies/newport-harbor-corporation-plan-003) — 925 participants

- [Virgin Pulse, INC.](https://planprovider.pro/companies/virgin-pulse-inc-401k-plan) — 2,337 participants

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