Newport Industries 401(k) match, vesting and fees
What Newport Industries' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Newport Industries: employer contribution per participant | $2,528 | |
| Peer median | $2,411 |
| Newport Industries: average balance | $151,447 | |
| Peer median | $61,921 |
| Newport Industries: admin expenses ÷ assets | 0.14% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $18.6M at the end of plan year 2021 to $23.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 159 | $23.5M | $392K | $2,528 | 0.14% | Not published | Form 5500 ↗ |
| 2023 | 178 | $19.3M | $334K | $2,049 | 0.15% | Not published | Form 5500 ↗ |
| 2022 | 158 | $14.6M | $257K | $1,647 | 0.15% | Not published | Form 5500 ↗ |
| 2021 | 161 | $18.6M | $211K | $1,311 | 0.13% | Not published | Form 5500 ↗ |
Other Newport Industries plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Newport Industries, Inc. Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Cliftonlarsonallen, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Newport Industries match 401(k) contributions?
The match terms for the Newport Industries, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $392K in employer contributions, about $2,528 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Newport Industries 401(k) match vested?
The vesting schedule for the Newport Industries, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Newport Industries 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Newport Industries, Inc..
I left Newport Industries. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Newport Industries, Inc., (847) 483-3872) or the recordkeeper, Newport Group, Inc.. The Newport Industries old 401(k) page lists the contacts from every plan filing. Find an old Newport Industries 401(k)
Data from the public Form 5500 annual reports Newport Industries filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Newport Industries. Not financial advice. Report a correction · Methodology