# Newport Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/newport-industries-inc-401k-plan

> Newport Industries, INC.'s 401(k) plan: 126 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Newport Industries, INC.

- **Sponsor EIN:** 271481214

- **Sponsor Address:** 5200 NEWPORT DRIVE, ROLLING MEADOWS, IL, 60008

- **Plan Type:** 401(k)

- **Total Participants:** 126

- **Total Assets:** $23.5M

## 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|126|$23.5M|$391,889|$1.4M|

| 2023|152|$19.3M|$333,995|$1.2M|

| 2022|133|$14.6M|$257,005|$1.0M|

## 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|

| CLIFTONLARSONALLEN|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CLIFTONLARSONALLEN](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## 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|$29,236|—|$29,236|—|—|

| 2023|$25,083|—|$22,826|—|—|

| 2022|$24,537|—|$24,537|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/newport-industries-inc-401k-plan)

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