401(k) · DOL Form 5500 · 2023

Newport Federal Bank 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
37
Participants Small participant base
43rd
Percentile by assets National rank
$127,215
Avg per participant Near avg balance/head
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Official DOL plan name: Newport Federal Bank 401(k) Retirement Plan · Sponsored by Newport Federal Bank · Tennessee · Finance & Insurance

$5M in assets, 37 participants

Newport Federal Bank's Newport Federal Bank 401(k) Retirement Plan reported $5M in total assets and 37 participants in its 2023 DOL Form 5500 filing, ranking in the 43rd 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.

  • #2,699 in Finance & Insurance (8,869 peers)

Newport Federal Bank multi-year trail

Newport Federal Bank's plans moved +16.1% in assets from 2022 to 2024; this filing shows Newport Federal Bank 401(k) Retirement Plan at $5M / 37 participants.

#2,699
in Finance & Insurance (8,869 peers)
+10.2%
assets growth YoY

Newport Federal Bank 401(k) Retirement Plan's mid-pack asset rank among Finance & Insurance and all filers

Newport Federal Bank 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$4,706,967 43rd percentile higher than 43% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Newport Federal Bank 401(k) Retirement Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Newport Federal Bank 401(k) Retirement Plan is a small filing (37 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Newport Federal Bank 401(k) Retirement Plan reported net income rose from -$1M in the plan year 2022 filing to $434K in the plan year 2023 filing.
  • Newport Federal Bank 401(k) Retirement Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Newport Federal Bank 401(k) Retirement Plan reported participants fell from 38 in the plan year 2022 filing to 37 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 620309135 · Newport Federal Bank PY 2023 · 401(k)

Newport Federal Bank 401(k) Retirement Plan · $5M · 37 · 43rd

  • PCT $5M
  • EIN 37
  • RANK 43rd
  • PHOTO 401(k)
  • IND near Partnership for Children of Essex 403b Plan
  • EOY ind #2699

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 Finance & Insurance retirement plans → · Plans in Tennessee →

Newport Federal Bank 401(k) Retirement Plan in the asset neighbourhood

Newport Federal Bank 401(k) Retirement PlanNewport Federal Bank 401(k) …$5MPartnership for Children of Essex 403b PlanPartnership for Children of …$5MHmh, LLC Retirement Plan$5MPac-Mac Holdings, Inc. 401(k) PlanPac-Mac Holdings, Inc. 401(k…$5MHomeworks Energy, Inc. 401(k) PlanHomeworks Energy, Inc. 401(k…$5M
End-of-year total assets ($M) among Newport Federal Bank 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Newport Federal Bank multi-year asset trail

Sponsor-wide plan assets over time

All Newport Federal Bank plans reported in each filing year

Latest sponsor-wide plan assets
$5M 16.110722766463777% vs 2022
2024 filing year
$4M$4.5M$5M$5.5M 202220232024 $4.27M $4.96M ▲ +16.2%
Year Plans Participants Total Assets
2022 1 38 $4M
2023 1 37 $5M
2024 1 38 $5M

Newport Federal Bank filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$434K
Employer EIN620309135
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Newport Federal Bank 401(k) Retirement Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Newport Federal Bank 401(k) Retirement Plan, Total assets ($B): 0.004706967 · Participants: 37Newport Federal Bank 401(k) Retirement PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Newport Federal Bank 401(k) Retirement Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Newport Federal Bank 401(k) Retirement Plan side-by-side with 3 peers →

Newport Federal Bank 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Partnership for Children of Essex 403b Plan in NJ ($5M); by covered participants it is Carbon Health 401(k) Plan in CA (37 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5M here).

Similar participant headcount

Nearest other-state filings by covered participants (37 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Newport Federal Bank 401(k) Retirement Plan assets move in 2023? ▼
Newport Federal Bank 401(k) Retirement Plan grew at a solid clip - up 10.2% during 2023, from $4M to $5M. Reported net income was $434K.
How have Newport Federal Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Newport Federal Bank's sponsor-wide assets grew 16.1%, from $4M to $5M.
Which 401(k) plans are similar in size to Newport Federal Bank 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Partnership for Children of Essex 403b Plan in NJ ($5M, 154 participants).
Which 401(k) plans cover a similar participant headcount to Newport Federal Bank 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Carbon Health 401(k) Plan in CA (37 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 620309135.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.