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ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN 401k Plan overview

Plan NameALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN
Plan identification number 013

ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN Benefits

401k Plan TypeDefined 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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 ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0132022-01-01
0132021-01-01TAMI DELANEY2022-09-19

Plan Statistics for ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN

401k plan membership statisitcs for ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN

Measure Date Value
2022: ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014
Total number of active participants reported on line 7a of the Form 55002022-01-0123
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0124
Total of all active and inactive participants2022-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0147
Number of participants with account balances2022-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-016

Financial Data on ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN

Measure Date Value
2022 : ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$623,977
Total income from all sources2022-12-31$234,894
Expenses. Total of all expenses incurred2022-12-31$12,201
Benefits paid (including direct rollovers)2022-12-31$10,466
Total plan assets at end of year2022-12-31$2,836,485
Total plan assets at beginning of year2022-12-31$1,989,815
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$127,740
Contributions received from other sources (not participants or employers)2022-12-31$415,737
Other income received2022-12-31$-328,622
Net income (gross income less expenses)2022-12-31$222,693
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,836,485
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,989,815
Assets. Value of participant loans2022-12-31$71,778
Total contributions received or receivable from employer(s)2022-12-31$20,039
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$1,735

Form 5500 Responses for ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN

2022: ALIGN RETIREMENT PATHWAYS POOLED EMPLOYER PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number814792A
Policy instance 1
Insurance contract or identification number814792A
Number of Individuals Covered3
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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