Retirement plan

NEWPORT DIVERSIFIED, INC. PROFIT SHARING AND SAVINGS PLAN

Name: NEWPORT DIVERSIFIED, INC. - NEWPORT DIVERSIFIED, INC. PROFIT SHARING AND SAVINGS PLAN (2024) Form 5500
Creator: NEWPORT DIVERSIFIED, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWPORT DIVERSIFIED, INC. PROFIT SHARING AND SAVINGS PLAN, NEWPORT DIVERSIFIED, INC.

NEWPORT DIVERSIFIED, INC.EIN 33-0074971Plan #001PY 2024

4695 MACARTHUR CT., SUITE 1420 - NEWPORT BEACH, CA 92660949-851-1355nd-inc.comLinkedIn1-10 employeesrecreational facilities and services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$9.6M

+35.3% from 2022

Total participants

230

+29.9% from 2022

Average account balance

$62,509

-0.7% from 2022

Annual return

15.30%

+32.25 pp from 2022

Benchmarks

See 827 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort827 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.63M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

154

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.

61.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$677K

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

+15.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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 5 by compensation

Provider	Service type	Compensation
BEACON POINTE ADVISORS LLC7 years Service code 27 25 CORPORATE PLAZA DR · NEWPORT BEACH, CA 92660	Advisory (Plan)	$26,486
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$11,362
KB ACTUARIAL, INC.10+ years Service code 13	Contract Administrator	$8,828
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0
KB ACTUARIAL, INC.1 year Filed as: KB ACTUARIAL INC Service code 13 PO BOX 1290 · YUCAIPA, CA 92399	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D

Plan features

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).
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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$18K

$89 / participant

Salaries / allowances$18K100.0%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUM SMITH & BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,509

$52,450+19.2%

$129,384-51.7%

$74,459-16.0%

Participation rate

61.6%

53.8%+7.8pp

69.6%-8.0pp

67.2%-5.6pp

Annual return

15.30%

15.65%-0.3pp

9461.77%-9446.5pp

1369.70%-1354.4pp

Employer contribution / active EE

$899

$1,532-41.3%

$4,153-78.3%

$2,626-65.7%

Participant deferral / active EE

$2,521

$2,797-9.9%

$4,166-39.5%

$4,350-42.0%

Admin fee / account holder

$114

$2,636-95.7%

$7,686-98.5%

$1,945-94.1%

Provider

Service type

Compensation

BEACON POINTE ADVISORS LLC7 years

Service code 27

25 CORPORATE PLAZA DR · NEWPORT BEACH, CA 92660

Advisory (Plan)

$26,486

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$11,362

KB ACTUARIAL, INC.10+ years

Service code 13

Contract Administrator

$8,828

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

KB ACTUARIAL, INC.1 year

Filed as: KB ACTUARIAL INC

Service code 13

PO BOX 1290 · YUCAIPA, CA 92399

Contract Administrator

NEWPORT DIVERSIFIED, INC. PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWPORT DIVERSIFIED, INC. PROFIT SHARING AND SAVINGS 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