# Newport Sand &amp; Gravel Co., INC. 401(k) Plan
Source: https://planprovider.pro/companies/newport-sand-gravel-co-inc-401k-plan

> Newport Sand &amp; Gravel Co., INC.&#39;s 401(k) plan: 190 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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