ESOP · DOL Form 5500 · 2022
Newport Industries, Inc. ESOP
Data updated 2026-08-25
- $51M
- Total assets Below avg plan size
- 125
- Participants Small participant base
- 88th
- Percentile by assets National rank
- $410,154
- Avg per participant High balance/head
Official DOL plan name: The Kelso-Burnett Co. Employee Stock Ownership Plan · Sponsored by Newport Industries, Inc. · Illinois · Construction
$51M in assets, 125 participants
Newport Industries, Inc.'s The Kelso-Burnett Co. Employee Stock Ownership Plan reported $51M in total assets and 125 participants in its 2022 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #8,596 in Construction (9,927 peers)
Coverage in Illinois
The Kelso-Burnett Co. Employee Stock Ownership Plan covers 125 participants in Illinois, about 16% of the average Illinois filer (state average ~779 per filing). Assets: $51M.
- #8,596
- in Construction (9,927 peers)
- -4.7%
- assets change YoY
- 0.5×
- vs typical plan assets (national mean)
The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Kelso-Burnett Co. Employee Stock Ownership Plan's outsized position by total assets
The Kelso-Burnett Co. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$51,269,268 Top 12% higher than 88% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Kelso-Burnett Co. Employee Stock Ownership Plan among mid-size filed plans by headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Kelso-Burnett Co. Employee Stock Ownership Plan sits mid-pack in the medium band (125 participants).
EBSA filing schedule strip
Filing strip 271481214 · Newport Industries, Inc. PY 2022 · ESOP
The Kelso-Burnett Co. Employee Stock Ownership Plan · $51M · 125 · 88th
- EBSA $51M
- EBSA 125
- EBSA 88th
- EBSA ESOP
- EBSA near Pan-Pacific Holdings Corporation Employee Stock Ownership Plan
- EBSA ind #8596
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Illinois →
The Kelso-Burnett Co. Employee Stock Ownership Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $54M |
|---|---|
| Net Assets (End of Year) | $51M |
| Net Income | -$3M |
| Employer EIN | 271481214 |
| Plan Effective Date | 1961-03-28 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Newport Industries, Inc.)
Sponsor-wide plan assets over time
All Newport Industries, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $92M 38.87958526827215% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 260 | $66M |
| 2023 | 2 | 258 | $82M |
| 2024 | 2 | 276 | $92M |
Nearby ESOP Plans in Illinois
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Amsted Industries Incorporated Employees' Stock Ownership Plan $3.8B · 4,361
- Ori 401(k) Savings and Profit Sharing Plan $1.7B · 10,023
- Kehe Distributors, Inc. Employee Stock Ownership Plan $1.2B · 3,905
- Scot Forge Company Employee Stock Ownership Plan $970M · 495
- Rli Corp. Employee Stock Ownership Plan $342M · 826
The Kelso-Burnett Co. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Illinois, the nearest ESOP by assets is Pan-Pacific Holdings Corporation Employee Stock Ownership Plan in CA ($51M); by covered participants it is Pinnacle Structures, Inc. Employee Stock Ownership Plan in AR (125 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($51M here).
- Pan-Pacific Holdings Corporation Employee Stock Ownership Plan (CA) $51M · 237
- Long Haul Trucking, Inc. Employee Stock Ownership Plan and Trust (MN) $51M · 141
- Idaho Pacific Lumber Company, Inc. Employee Stock Ownership Plan and Trust (ID) $51M · 81
- J. P. Express Employee Stock Ownership Plan (NY) $51M · 240
Similar participant headcount
Nearest other-state filings by covered participants (125 participants); asset peers above are excluded.
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.