NEWPORT GROUP, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan ADVISOR MANAGED POOLED EMPLOYER PLAN
Measure | Date | Value |
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2022 : ADVISOR MANAGED 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 | $6,317,557 |
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 | $-1,382,352 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $1,449,283 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,351,130 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,360,466 |
Value of total assets at end of year | 2022-12-31 | $24,667,044 |
Value of total assets at beginning of year | 2022-12-31 | $21,181,122 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $98,153 |
Total interest from all sources | 2022-12-31 | $875 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $1,348,049 |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $1,348,049 |
Administrative expenses professional fees incurred | 2022-12-31 | $2,341 |
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 | $1,291,128 |
Participant contributions at end of year | 2022-12-31 | $30,082 |
Participant contributions at beginning of year | 2022-12-31 | $1,480 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $203,465 |
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 | $-2,831,635 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $24,667,044 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $21,181,122 |
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 | $72,119 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $24,636,962 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $21,179,642 |
Interest on participant loans | 2022-12-31 | $875 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-5,091,742 |
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 | $865,873 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,351,130 |
Contract administrator fees | 2022-12-31 | $23,693 |
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 |