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, Newport Industries, Inc. 401(K) Plan is a benefit plan reported by Newport Industries, Inc. under EIN 27-1481214 and plan number 004. The latest loaded filing year is 2023. The filing reports 158 participants and $19,316,368 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,316,368
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,316,368
- Net assets (BOY)
- $14,639,362
Income & contributions
- Employer contributions
- $333,995
- Participant contributions
- $1,170,611
- Total contributions
- $1,811,437
- Total income / additions
- $5,142,433
Expenses & distributions
- Benefits paid
- $437,753
- Administrative expenses
- $25,083
- Total expenses
- $465,427
- Net increase / (decrease)
- $4,677,006