401(k) · DOL Form 5500 · 2024

BANKNEWPORT 401(k) Plan

Data updated 2026-08-25

$64M
Total assets Below avg plan size: 302
Participants Below avg headcount: 87th
Percentile by assets National rank: $211,653
Avg per participant Above avg balance/head

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Official DOL plan name: Banknewport 401(k) Plan · Sponsored by BANKNEWPORT · Rhode Island · Finance & Insurance

$64M in assets, 302 participants

BANKNEWPORT's Banknewport 401(k) Plan reported $64M in total assets and 302 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

#6,803 in Finance & Insurance (8,549 peers)

Coverage in Rhode Island

Banknewport 401(k) Plan covers 302 participants in Rhode Island, about 21% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $64M.

#6,803
in Finance & Insurance (8,549 peers): +14.9%
assets growth YoY: 0.6×
vs typical plan assets (national mean)

Banknewport 401(k) Plan's outsized position by total assets

Banknewport 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$63,919,310 Top 13% higher than 87% of 123,620 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Banknewport 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banknewport 401(k) Plan sits mid-pack in the medium band (302 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Banknewport 401(k) Plan end-of-year assets rose from $56M in the plan year 2023 filing to $64M in the plan year 2024 filing.
Banknewport 401(k) Plan reported net income fell from $9M in the plan year 2023 filing to $8M in the plan year 2024 filing.
Banknewport 401(k) Plan reported participants rose from 295 in the plan year 2023 filing to 302 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 202633950 · BANKNEWPORT PY 2024 · 401(k)

Banknewport 401(k) Plan · $64M · 302 · 87th

TYPE $64M
TYPE 302
TYPE 87th
TYPE 401(k)
TYPE near Ats Automation, Inc. 401(k) Plan
TYPE ind #6803

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 Rhode Island →

End-of-year total assets ($M) among Banknewport 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Rhode Island filing particulars

Total Assets (Beginning of Year)	$56M
Net Assets (End of Year)	$64M
Net Income	$8M
Employer EIN	202633950
Plan Effective Date	1987-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (BANKNEWPORT)

Latest sponsor-wide plan assets: $64M 37.598136601465% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	278	$46M
2023	1	295	$56M
2024	1	302	$64M

Nearby 401(k) Plans in Rhode Island

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

Banknewport 401(k) Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants

CVS Health Future Fund 401(k) Plan $30.1B · 240,493
Textron Savings Plan $6.1B · 26,609
Cfg Retirement Savings Plan $3.2B · 17,893
Unfi 401(k) Plan $2.8B · 26,416
Factory Mutual Insurance Company 401(k) Savings Plan $1.9B · 4,005

Compare Banknewport 401(k) Plan side-by-side with 3 peers →

Banknewport 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Rhode Island, the nearest 401(k) by assets is Ats Automation, Inc. 401(k) Plan in WA ($64M); by covered participants it is Sunworks 401(k) Plan & Trust in DE (302 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($64M here).

Ats Automation, Inc. 401(k) Plan (WA) $64M · 311
Colony Hardware Corp 401(k) Plan (CT) $64M · 1,230
The Atlantic 401(k) Plan (DC) $64M · 338
Hepa 401(k) Profit Sharing Plan (HI) $64M · 93

Similar participant headcount

Nearest other-state filings by covered participants (302 participants); asset peers above are excluded.

Sunworks 401(k) Plan & Trust (DE) 302 · 0 off
Seiler LLP 401(k) Plan (CA) 302 · 0 off
Aafcpas, Inc 401(k) Savings Plan (MA) 302 · 0 off
Gracent, LLC 401(k) Plan (IL) 302 · 0 off

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Banknewport 401(k) Plan assets move in 2024? ▼

Banknewport 401(k) Plan grew at a solid clip - up 14.9% during 2024, from $56M to $64M. Reported net income was $8M.

How have BANKNEWPORT plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), BANKNEWPORT's sponsor-wide assets grew 37.6%, from $46M to $64M.

Where does Banknewport 401(k) Plan rank by assets among Form 5500 filers? ▼

Banknewport 401(k) Plan ranks in the 87th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which 401(k) plans are similar in size to Banknewport 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Ats Automation, Inc. 401(k) Plan in WA ($64M, 311 participants).

Which 401(k) plans cover a similar participant headcount to Banknewport 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Sunworks 401(k) Plan & Trust in DE (302 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 202633950.