2023 Form 5500 filing — Ascensus Secure Retirement Pooled Employer Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014104830NAL0014791091001) for Ascensus Secure Retirement Pooled Employer Plan, reported by Newport Group, Inc. under EIN 27-2037969 and plan number 002. It reports 7,207 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014104830NAL0014791091001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Newport Group, Inc.
- EIN
- 27-2037969
- Plan number
- 002
- Location
- Folsom, CA
- Participants
- 7,207
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $130,431,820
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $130,431,820
- Employer contributions
- $6,786,649
- Participant contributions
- $17,257,956
- Total income / additions
- $42,200,682
- Benefits paid
- $7,484,014
- Administrative expenses
- $622,529
- Total expenses
- $8,165,110
- Net increase / (decrease)
- $34,035,572
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Newport Group, Inc. | PLAN SPONSOR | $355,480 | $0 |
| Lpl Financial | NONE | $102,919 | not reported in the loaded dataset |
| Newport Group Consulting, LLC | AFFILIATE | $19,175 | not reported in the loaded dataset |
| Newport Trust Company | AFFILIATE | $18,362 | $0 |
| Traction Financial Partners | NONE | $16,961 | not reported in the loaded dataset |
| Commonwealth Financial Network | NONE | $12,512 | not reported in the loaded dataset |
| Fortune 360 Group, LLC | NONE | $11,328 | not reported in the loaded dataset |
| Blakeslee And Blakeslee Financial A | NONE | $11,215 | not reported in the loaded dataset |
| Naples Asset Management Company, Ll | NONE | $11,144 | not reported in the loaded dataset |
| Whartonhill Advisors, LLC | NONE | $10,511 | not reported in the loaded dataset |
| Quantum Financial Advisors | NONE | $6,633 | not reported in the loaded dataset |