NEWPORT GROUP, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan NEXT GENERATION 401(K) POOLED EMPLOYER PLAN
Measure | Date | Value |
---|
2022 : NEXT GENERATION 401(K) POOLED EMPLOYER PLAN 2022 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
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 | $-121,738 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $459,709 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $416,305 |
Value of total corrective distributions | 2022-12-31 | $1,978 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,522,887 |
Value of total assets at end of year | 2022-12-31 | $9,923,175 |
Value of total assets at beginning of year | 2022-12-31 | $10,504,622 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $41,426 |
Total interest from all sources | 2022-12-31 | $2,666 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $269,715 |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $269,715 |
Administrative expenses professional fees incurred | 2022-12-31 | $2,857 |
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 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $913,213 |
Participant contributions at end of year | 2022-12-31 | $52,406 |
Participant contributions at beginning of year | 2022-12-31 | $40,152 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $145,568 |
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 | $-581,447 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $9,923,175 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $10,504,622 |
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 | $12,618 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $9,292,124 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $10,413,915 |
Interest on participant loans | 2022-12-31 | $2,666 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $568,545 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $43,296 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $10,100 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $7,259 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $7,259 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,925,339 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $8,333 |
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 | $464,106 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $416,305 |
Contract administrator fees | 2022-12-31 | $25,951 |
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 |