401k Plan data: DIRECT ADVISORS POOLED EMPLOYER PLAN plan

DIRECT ADVISORS POOLED EMPLOYER PLAN 401k Plan overview

Plan Name	DIRECT ADVISORS POOLED EMPLOYER PLAN
Plan identification number	006

DIRECT ADVISORS POOLED EMPLOYER PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NEWPORT GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: NEWPORT GROUP, INC.

Employer identification number (EIN): 272037969

NAIC Classification: 541219
NAIC Description: Other Accounting Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DIRECT ADVISORS POOLED EMPLOYER PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
006 2022-01-01

Plan Statistics for DIRECT ADVISORS POOLED EMPLOYER PLAN

401k plan membership statisitcs for DIRECT ADVISORS POOLED EMPLOYER PLAN

Measure Date Value
2022: DIRECT ADVISORS POOLED EMPLOYER PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 167
Number of retired or separated participants receiving benefits 2022-01-01 4
Number of other retired or separated participants entitled to future benefits 2022-01-01 27
Total of all active and inactive participants 2022-01-01 198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 198
Number of participants with account balances 2022-01-01 152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 2

Measure	Date	Value
2022: DIRECT ADVISORS POOLED EMPLOYER PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	167
Number of retired or separated participants receiving benefits	2022-01-01	4
Number of other retired or separated participants entitled to future benefits	2022-01-01	27
Total of all active and inactive participants	2022-01-01	198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	198
Number of participants with account balances	2022-01-01	152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	2

Financial Data on DIRECT ADVISORS POOLED EMPLOYER PLAN

Measure	Date	Value
2022 : DIRECT ADVISORS POOLED EMPLOYER PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$5,721,352
Total income from all sources	2022-12-31	$-124,614
Expenses. Total of all expenses incurred	2022-12-31	$322,800
Benefits paid (including direct rollovers)	2022-12-31	$264,829
Total plan assets at end of year	2022-12-31	$5,273,938
Total plan assets at beginning of year	2022-12-31	$0
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$424,260
Contributions received from other sources (not participants or employers)	2022-12-31	$93,892
Other income received	2022-12-31	$-843,429
Net income (gross income less expenses)	2022-12-31	$-447,414
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$5,273,938
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$0
Assets. Value of participant loans	2022-12-31	$357,743
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2022-12-31	$22,475
Total contributions received or receivable from employer(s)	2022-12-31	$200,663
Value of corrective distributions	2022-12-31	$19,087
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$38,884

Form 5500 Responses for DIRECT ADVISORS POOLED EMPLOYER PLAN

2022: DIRECT ADVISORS POOLED EMPLOYER PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Mulitple employer plan
2022-01-01	First time form 5500 has been submitted	Yes
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NEWPORT GROUP, INC.
Employer identification number (EIN):	272037969
NAIC Classification:	541219
NAIC Description:	Other Accounting Services