Plan Snapshot
- Plan Sponsor: Newport Hotel Group, LLC
- Sponsor EIN: 061486013
- Sponsor Address: 28 JACOME WAY, MIDDLETOWN, RI, 02842
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $5.7M
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 | 82 | $5.7M | $22,001 | $433,160 |
| 2023 | 79 | $5.6M | $23,749 | $404,586 |
| 2022 | 84 | $4.6M | $23,591 | $441,704 |
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 |
|---|---|---|---|---|
| KAHN LITWIN RENZA & CO., LTD | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $36,189 | $10,034 | — | — | — |
| 2023 | $33,052 | $9,492 | — | — | — |
| 2022 | $39,168 | — | $39,168 | — | — |