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NEWPORT GROUP VOLUNTARY BENEFIT PLAN 401k Plan overview

Plan NameNEWPORT GROUP VOLUNTARY BENEFIT PLAN
Plan identification number 503

NEWPORT GROUP VOLUNTARY BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)

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 NEWPORT GROUP VOLUNTARY BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5032022-01-01SHAWN MCGUIGAN2023-10-13

Plan Statistics for NEWPORT GROUP VOLUNTARY BENEFIT PLAN

401k plan membership statisitcs for NEWPORT GROUP VOLUNTARY BENEFIT PLAN

Measure Date Value
2022: NEWPORT GROUP VOLUNTARY BENEFIT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01229
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-010
Number of employers contributing to the scheme2022-01-010

Form 5500 Responses for NEWPORT GROUP VOLUNTARY BENEFIT PLAN

2022: NEWPORT GROUP VOLUNTARY BENEFIT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01This submission is the final filingYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

LIFE INSURANCE COMPANY OF NORTH AMERICA (National Association of Insurance Commissioners NAIC id number: 65498 )
Policy contract numberAI961746
Policy instance 1
Insurance contract or identification numberAI961746
Number of Individuals Covered229
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $23,585
Total amount of fees paid to insurance companyUSD $1,790
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
Other welfare benefits providedHOSPITAL,CRITICAL ILLNESS,ACCIDENT
Welfare Benefit Premiums Paid to CarrierUSD $117,923
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $11,028
Amount paid for insurance broker fees1790
Additional information about fees paid to insurance brokerOVERRIDES
Insurance broker organization code?3

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