Profit Sharing · DOL Form 5500 · 2023

Newport Service Corporation Profit Sharing Plan

Data updated 2026-08-11

$18M
Total assets
65
Participants
71st
Percentile by assets
$275,210
Avg per participant
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Official DOL plan name: Newport Service Corporation Retirement Plan · Sponsored by Newport Service Corporation · California · Finance & Insurance

$18M in assets, 65 participants

Newport Service Corporation's Newport Service Corporation Retirement Plan reported $18M in total assets and 65 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • 71st percentile by assets (of 127,072 plans)
  • #5,021 in Finance & Insurance (8,869 peers)

Newport Service Corporation multi-year trail

Newport Service Corporation's plans moved +25.1% in assets from 2022 to 2023; this filing shows Newport Service Corporation Retirement Plan at $18M / 65 participants.

$18M
total plan assets (2023 EOY)
65
covered participants
71st
percentile by assets (of 127,072 plans)
$275,210
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Newport Service Corporation Retirement Plan reported net income rose from $2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Newport Service Corporation Retirement Plan end-of-year assets rose from $14M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Newport Service Corporation Retirement Plan reported participants fell from 70 in the plan year 2022 filing to 65 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Newport Service Corporation across 2 plan years on file

Across the 2 plan years Newport Service Corporation has on file (2022-2023), sponsor-wide plan assets have moved from $14M to $18M, a gain of 25.1%, while reported participants moved from 70 to 65 (-7.1%).

Newport Service Corporation multi-year asset trail

$12M$14M$16M$18M$20M 20222023 $14.3M $17.9M ▲ +25.1%
Total plan assets by year, all Newport Service Corporation plans on file
Year Plans Participants Total Assets
2022 1 70 $14M
2023 1 65 $18M

Newport Service Corporation filing trail (2023)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$18M
Net Income$4M
Employer EIN330263389
Plan Effective Date1972-07-12
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in California

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Newport Service Corporation Retirement Plan vs. nearby Profit Sharing plans in California, assets vs. participants

Newport Service Corporation Retirement Plan vs. nearby Profit Sharing plans in California, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -202468 Total assets ($B) Participants Newport Service Corp…Intel Retirement Con…Scpmg Keogh PlanMotion Picture Indus…Memorialcare Retirem…Disney Retirement Sa…
Newport Service Corporation Retirement Plan vs. nearby Profit Sharing plans in California, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Newport Service Corporation Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Newport Service Corporation Retirement Plan assets move in 2023?
Newport Service Corporation Retirement Plan grew sharply - up 25.1% during 2023, from $14M to $18M. Reported net income was $4M.
How have Newport Service Corporation plan assets changed over time?
Across 2 plan years on file (2022-2023), Newport Service Corporation's sponsor-wide assets grew 25.1%, from $14M to $18M.
Which Profit Sharing plans are similar in size to Newport Service Corporation Retirement Plan?
Among Profit Sharing plans in other states, the closest by assets is Palmer Lutheran Health Center, Inc. 403(b) Plan in IA ($18M, 214 participants).

Next read for Newport Service Corporation Retirement P…

Multi-year trail

Ways to act on Newport Service Corporation Retirement Plan's numbers.