Retirement plan

RFG POOLED EMPLOYER PLAN

Name: NEWPORT GROUP, INC. - RFG POOLED EMPLOYER PLAN (2024) Form 5500
Creator: NEWPORT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RFG POOLED EMPLOYER PLAN, NEWPORT GROUP, INC.

NEWPORT GROUP, INC.EIN 27-2037969Plan #011PY 2024

35 IRON POINT CIRCLE, SUITE 300 - FOLSOM, CA 95630844-749-9981newportlawgroup.orgLinkedIn1-10 employeeslaw practice

Other plans on this EIN

10 filings

#016Retirement-$431.1M assets #012Retirement-$368.6M assets #002Retirement-$205.6M assets #031Retirement-$174.4M assets #003Retirement-$145.6M assets #021Retirement-$130.6M assets #019Retirement-$86.2M assets #023Retirement-$55.7M assets #028Retirement-$49.8M assets #014Retirement-$42.3M assets

Prospect flagsLow returnsLow participationLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$9.6M

+27.5% from 2023

Total participants

431

+8.6% from 2023

Average account balance

$30,449

+10.9% from 2023

Annual return

12.65%

-214.56 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$9.56M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$30K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

314

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

57.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.65%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$209

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ROSSELOT FINANCIAL GROUP2 years Filed as: THE ROSSELOT FINANCIAL GROUP Service code 27 · EIN 31-1154703	Advisory (Plan)	$43,372
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969	Participant communication; Participan...	$19,686

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T2W3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$66K

$240 / participant

Recordkeeping$6K8.8%
Trustee / custodial$2K3.8%
Investment mgmt$43K66.2%
Contract admin$14K21.2%

% of EOY assets

0.685%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,449

$106,230-71.3%

$147,080-79.3%

$77,736-60.8%

Participation rate

57.1%

78.4%-21.2pp

82.2%-25.0pp

70.6%-13.4pp

Annual return

12.65%

56.91%-44.3pp

420.17%-407.5pp

31.26%-18.6pp

Employer contribution / active EE

$2,482

$4,072-39.0%

$4,933-49.7%

$2,728-9.0%

Participant deferral / active EE

$4,167

$8,001-47.9%

$8,066-48.3%

$4,651-10.4%

Admin fee / account holder

$209

$338-38.3%

$12,989-98.4%

$433-51.8%

Provider

Service type

Compensation

ROSSELOT FINANCIAL GROUP2 years

Filed as: THE ROSSELOT FINANCIAL GROUP

Service code 27 · EIN 31-1154703

Advisory (Plan)

$43,372

NEWPORT GROUP, INC.2 years

Service code 12 · EIN 27-2037969

Participant communication; Participan...

$19,686

RFG POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RFG POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion