The Kelso-Burnett Co. Employee Stock Ownership Plan — Form 5500 plan (Newport Industries, Inc.)
Plain-English plan 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, The Kelso-Burnett Co. Employee Stock Ownership Plan is a benefit plan reported by Newport Industries, Inc. under EIN 27-1481214 and plan number 001. The latest loaded filing year is 2023. The filing reports 151 participants and $62,892,779 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Newport Industries, Inc.
- EIN
- 27-1481214
- Plan number
- 001
- Plan type
- 2
- Location
- Rolling Meadows, IL
- Latest filing year
- 2023
- Participants
- 151
- End-of-year plan assets
- $62,892,779
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 151 | H | 20240925104317NAL0014192657001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $62,892,779
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $62,892,779
- Net assets (BOY)
- $51,269,268
Income & contributions
- Employer contributions
- $1,933,126
- Total contributions
- $1,933,126
- Total income / additions
- $15,571,815
Expenses & distributions
- Benefits paid
- $3,948,304
- Administrative expenses
- $0
- Total expenses
- $3,948,304
- Net increase / (decrease)
- $11,623,511
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.