NEWPORT GROUP, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan LUTZ FINANCIAL POOLED EMPLOYER PLAN
Measure | Date | Value |
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2022: LUTZ FINANCIAL POOLED EMPLOYER PLAN 2022 401k membership |
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Total participants, beginning-of-year | 2022-01-01 | 2,903 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 2,741 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 37 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 608 |
Total of all active and inactive participants | 2022-01-01 | 3,386 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 3,386 |
Number of participants with account balances | 2022-01-01 | 517 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 123 |
2021: LUTZ FINANCIAL POOLED EMPLOYER PLAN 2021 401k membership |
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Total participants, beginning-of-year | 2021-07-12 | 0 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-07-12 | 942 |
Number of retired or separated participants receiving benefits | 2021-07-12 | 0 |
Number of other retired or separated participants entitled to future benefits | 2021-07-12 | 228 |
Total of all active and inactive participants | 2021-07-12 | 1,170 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-07-12 | 0 |
Total participants | 2021-07-12 | 1,170 |
Number of participants with account balances | 2021-07-12 | 1,062 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-07-12 | 10 |
Measure | Date | Value |
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2022 : LUTZ FINANCIAL POOLED EMPLOYER PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total transfer of assets to this plan | 2022-12-31 | $79,277,591 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-1,689,991 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $7,555,523 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $7,193,185 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $16,299,041 |
Value of total assets at end of year | 2022-12-31 | $175,799,813 |
Value of total assets at beginning of year | 2022-12-31 | $105,767,736 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $362,338 |
Total interest from all sources | 2022-12-31 | $14,856 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $1,904,391 |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $1,904,391 |
Administrative expenses professional fees incurred | 2022-12-31 | $27,900 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $8,761,119 |
Participant contributions at end of year | 2022-12-31 | $739,402 |
Participant contributions at beginning of year | 2022-12-31 | $36,486 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,962,622 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-9,245,514 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $175,799,813 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $105,767,736 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $184,043 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $111,263,006 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $61,892,272 |
Interest on participant loans | 2022-12-31 | $14,856 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $58,910,270 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $42,317,217 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $4,887,135 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $1,521,761 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $1,521,761 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-11,278,845 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $-8,629,434 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $5,575,300 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $7,193,185 |
Contract administrator fees | 2022-12-31 | $150,395 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | Yes |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | CLIFTONLARSONALLEN LLP |
Accountancy firm EIN | 2022-12-31 | 410746749 |
2021 : LUTZ FINANCIAL POOLED EMPLOYER PLAN 2021 401k financial data |
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Transfers to/from the plan | 2021-12-31 | $105,637,652 |
Total income from all sources | 2021-12-31 | $130,084 |
Expenses. Total of all expenses incurred | 2021-12-31 | $0 |
Total plan assets at end of year | 2021-12-31 | $105,767,736 |
Total plan assets at beginning of year | 2021-12-31 | $0 |
Value of fidelity bond covering the plan | 2021-12-31 | $500,000 |
Total contributions received or receivable from participants | 2021-12-31 | $212,897 |
Other income received | 2021-12-31 | $-162,488 |
Net income (gross income less expenses) | 2021-12-31 | $130,084 |
Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $105,767,736 |
Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $0 |
Assets. Value of participant loans | 2021-12-31 | $36,486 |
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 | 2021-12-31 | $75,752 |
Total contributions received or receivable from employer(s) | 2021-12-31 | $79,675 |