Retirement plan

SAVEWISETM POOLED EMPLOYER PLAN

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

NEWPORT GROUP, INC.EIN 27-2037969Plan #016PY 2024

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

Other plans on this EIN

10 filings

#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 #025Retirement-$37.0M assets

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$431.1M

+24.2% from 2023

Total participants

26,638

+6.6% from 2023

Average account balance

$33,137

+6.4% from 2023

Annual return

20.79%

-119.48 pp from 2023

Benchmarks

See 97 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort97 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$431.14M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

13,011

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.

39.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+20.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 7 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Service code 12 · EIN 27-2037969	Plan Administrator; Named fiduciary; ...	$1,069,520
CREATIVE PLANNING LLC3 years Filed as: CREATIVE PLANNING, LLC Service code 27 · EIN 43-1270780	Advisory (Plan)	$747,136
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$81,327
LOCKTON INVESTMENT ADVISORS, LLC1 year Service code 27 · EIN 20-8874282	Advisory (Plan)	$30,864
DOEREN MAYHEW1 year Filed as: DOEREN MAYHEW CPAS AND ADVISORS Service code 10 · EIN 38-2492570	Accounting	$21,095
MESIROW FINANCIAL INVESTMENT MANAGE1 year Service code 27 · EIN 36-3429599	Advisory (Plan)	$10,649
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP, CONSULTING Service code 26 · EIN 20-4649925	Advisory (Participants)	$3,222

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T2W3B3D3F3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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 participant contribution
Participant contribution per participant 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

$1.9M

$86 / participant

Recordkeeping$423K21.8%
Trustee / custodial$81K4.2%
Investment mgmt$807K41.5%
Contract admin$613K31.5%
Other / not subdivided$21K1.1%

% of EOY assets

0.451%

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: $21,095
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,137

$128,169-74.1%

$147,117-77.5%

$106,553-68.9%

Participation rate

39.8%

67.3%-27.5pp

82.2%-42.4pp

69.8%-30.0pp

Annual return

20.79%

17.88%+2.9pp

420.54%-399.7pp

17.37%+3.4pp

Employer contribution / active EE

$948

$3,374-71.9%

$4,932-80.8%

$3,359-71.8%

Participant deferral / active EE

$2,352

$7,665-69.3%

$8,065-70.8%

$5,562-57.7%

Admin fee / account holder

$149

$88+69.8%

$12,993-98.8%

$80+87.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 12 · EIN 27-2037969

Plan Administrator; Named fiduciary; ...

$1,069,520

CREATIVE PLANNING LLC3 years

Filed as: CREATIVE PLANNING, LLC

Service code 27 · EIN 43-1270780

Advisory (Plan)

$747,136

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$81,327

LOCKTON INVESTMENT ADVISORS, LLC1 year

Service code 27 · EIN 20-8874282

Advisory (Plan)

$30,864

DOEREN MAYHEW1 year

Filed as: DOEREN MAYHEW CPAS AND ADVISORS

Service code 10 · EIN 38-2492570

Accounting

$21,095

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Service code 27 · EIN 36-3429599

Advisory (Plan)

$10,649

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP, CONSULTING

Service code 26 · EIN 20-4649925

Advisory (Participants)

$3,222

SAVEWISETM POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVEWISETM 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