Plan Snapshot
- Plan Sponsor: Newport Sand & Gravel Co., INC.
- Sponsor EIN: 020244802
- Sponsor Address: PO BOX 1000, NEWPORT, NH, 03773
- Plan Type: 401(k)
- Total Participants: 190
- Total Assets: $14.4M
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 | 190 | $14.4M | $373,103 | $653,739 |
| 2023 | 166 | $12.5M | $369,833 | $667,259 |
| 2022 | 176 | $10.3M | $376,801 | $671,207 |
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 |
|---|---|---|---|---|
| GALLAGHER, FLYNN & COMPANY, LLP | 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 | $1,228 | $1,457 | — | — | — |
| 2023 | $14,535 | $12,732 | $300 | — | — |
| 2022 | $23,759 | — | — | — | — |