401(k) · DOL Form 5500 · 2023
Newport Group, Inc. 401(k) Plan
Data updated 2026-08-11
- $292M
- Total assets
- 4,201
- Participants
- 96th
- Percentile by assets
- $69,431
- Avg per participant
Official DOL plan name: Lutz Financial Pooled Employer Plan · Sponsored by Newport Group, Inc. · California · Professional & Technical Services
$292M in assets, 4,201 participants
Newport Group, Inc.'s Lutz Financial Pooled Employer Plan reported $292M in total assets and 4,201 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 127,072 plans)
- #19,735 in Professional & Technical Services (20,321 peers)
Coverage in California
Lutz Financial Pooled Employer Plan covers 4,201 participants in California, 6.7x the typical California plan (state average ~630 per filing). Assets: $292M.
- $292M
- total plan assets (2023 EOY)
- 4,201
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $69,431
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Lutz Financial Pooled Employer Plan reported net income rose from -$9M in the plan year 2022 filing to $49M in the plan year 2023 filing.
- Lutz Financial Pooled Employer Plan end-of-year assets rose from $176M in the plan year 2022 filing to $292M in the plan year 2023 filing.
- Lutz Financial Pooled Employer Plan reported participants rose from 2,638 in the plan year 2022 filing to 4,201 in the plan year 2023 filing.
Participants vs California filers
In California, the average filing covers about 630 participants across 15,291 plans. Lutz Financial Pooled Employer Plan reports 4,201 participants - 6.7x that state average ($292M EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $176M |
|---|---|
| Net Assets (End of Year) | $292M |
| Net Income | $49M |
| Employer EIN | 272037969 |
| Plan Effective Date | 2021-07-12 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Newport Group, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 19 | 17,298 | $581M |
| 2023 | 30 | 45,238 | $1.2B |
| 2024 | 32 | 58,553 | $1.9B |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Lutz Financial Pooled Employer Plan vs. nearby 401(k) plans in California, assets vs. participants
- Wells Fargo & Company 401(k) Plan $51.8B · 193,919
- Google LLC 401(k) Savings Plan $39.0B · 122,867
- Oracle Corporation 401(k) Savings and Investment Plan $26.3B · 63,105
- Intel 401(k) Savings Plan $22.2B · 59,863
- Apple 401(k) Plan $19.8B · 106,111
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Lutz Financial Pooled Employer Plan by total assets, not by location.
- Arbella 401(k) Savings Plan (MA) $292M · 1,021
- Movement Mortgage 401(k) Plan (SC) $292M · 4,510
- Crown Cork & Seal Company, Inc. 401(k) Retirement Savings Plan (PA) $292M · 1,951
- Heraeus Incorporated 401(k) Retirement Plan (PA) $292M · 1,929
Frequently Asked Questions
How did Lutz Financial Pooled Employer Plan assets move in 2023? ▼
How have Newport Group, Inc. plan assets changed over time? ▼
Where does Lutz Financial Pooled Employer Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Lutz Financial Pooled Employer Plan? ▼
Next read for Lutz Financial Pooled Employer Plan
Filing takeaways
Ways to act on Lutz Financial Pooled Employer Plan's numbers.
- By total assets, Lutz Financial Pooled Employer Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
- Newport Group, Inc.'s sponsor-wide assets have grown 223.3% since 2022 across 3 plan years on file. More Professional & Technical Services plans