Newport Service retirement plan: assets, participants and fees
What Newport Service's retirement plan 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 | Jpmorgan Invest Holdings LLC | 2023 Schedule C ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 43,973 defined-contribution plans in finance and insurance with fewer than 100 participants.
| Newport Service: employer contribution per participant | $1,535 | |
| Peer median | $2,965 |
| Newport Service: average balance | $225,722 | |
| Peer median | $91,941 |
| Newport Service: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.19% |
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 $12.7M at the end of plan year 2021 to $21M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 95 | $21M | $143K | $1,535 | <0.01% | Not published | 5500-SF ↗ |
| 2023 | 99 | $17.9M | $482K | $5,023 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 122 | $14.3M | $354K | $3,538 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 124 | $12.7M | $413K | $3,442 | <0.01% | Not published | Form 5500 ↗ |
Common questions
Does Newport Service match 401(k) contributions?
The match terms for the Newport Service Corporation Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $143K in employer contributions, about $1,535 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Newport Service 401(k) match vested?
The vesting schedule for the Newport Service Corporation Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Newport Service 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Jpmorgan Invest Holdings LLC. The plan administrator is Newport Service Corporation.
I left Newport Service. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Newport Service Corporation, (949) 752-1400) or the recordkeeper, Jpmorgan Invest Holdings LLC. The Newport Service old 401(k) page lists the contacts from every plan filing. Find an old Newport Service 401(k)
Data from the public Form 5500 annual reports Newport Service 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 Service. Not financial advice. Report a correction · Methodology