401(k) · DOL Form 5500 · 2023

Newport Group, Inc. 401(k) Plan

Data updated 2026-08-25

$292M
Total assets Near avg plan size
4,201
Participants Above avg headcount
96th
Percentile by assets National rank
$69,431
Avg per participant Below avg balance/head
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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.

  • #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.

#19,735
in Professional & Technical Services (20,321 peers)
+65.9%
assets growth YoY
2.9×
vs typical plan assets (national mean)

Lutz Financial Pooled Employer Plan's outsized position by total assets

Lutz Financial Pooled Employer Plan vs every filed plan by assets

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

$291,679,383 Top 4% higher than 96% 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

Lutz Financial Pooled Employer Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lutz Financial Pooled Employer Plan lands in the large band (4,201 participants).

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 272037969 · Newport Group, Inc. PY 2023 · 401(k)

Lutz Financial Pooled Employer Plan · $292M · 4,201 · 96th

  • BOY $292M
  • SCH 4,201
  • EBSA 96th
  • PART 401(k)
  • TYPE near Arbella 401(k) Savings Plan
  • NET ind #19735

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 Professional & Technical Services retirement plans → · Plans in California →

Lutz Financial Pooled Employer Plan in the asset neighbourhood

Crown Cork & Seal Company, Inc. 401(k) Retirement Savings PlanCrown Cork & Seal Company, I…$292MLutz Financial Pooled Employer PlanLutz Financial Pooled Employ…$292MArbella 401(k) Savings Plan$292MMovement Mortgage 401(k) Plan$292MHeraeus Incorporated 401(k) Retirement PlanHeraeus Incorporated 401(k) …$292M
End-of-year total assets ($M) among Lutz Financial Pooled Employer Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$176M
Net Assets (End of Year)$292M
Net Income$49M
Employer EIN272037969
Plan Effective Date2021-07-12
Filing StatusFILING RECEIVED

Sponsor Plan History (Newport Group, Inc.)

Sponsor-wide plan assets over time

All Newport Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.9B 223.3356432771119% vs 2022
2024 filing year
$0B$0.5B$1B$1.5B$2B$2.5B 202220232024 $0.58B $1.88B ▲ +224.1%
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 Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Lutz Financial Pooled Employer Plan, Total assets ($B): 0.291679383 · Participants: 4201Lutz Financial Pooled Employer PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Lutz Financial Pooled Employer Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Lutz Financial Pooled Employer Plan side-by-side with 3 peers →

Lutz Financial Pooled Employer Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Arbella 401(k) Savings Plan in MA ($292M); by covered participants it is Measurement Solutions Profit Sharing Plan in MO (4,202 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($292M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,201 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 Lutz Financial Pooled Employer Plan assets move in 2023? ▼
Lutz Financial Pooled Employer Plan surged - up 65.9% during 2023, from $176M to $292M. Reported net income was $49M.
How have Newport Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Newport Group, Inc.'s sponsor-wide assets grew 223.3%, from $581M to $1.9B.
Where does Lutz Financial Pooled Employer Plan rank by assets among Form 5500 filers? ▼
Lutz Financial Pooled Employer Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Lutz Financial Pooled Employer Plan? ▼
Among 401(k) plans in other states, the closest by assets is Arbella 401(k) Savings Plan in MA ($292M, 1,021 participants).
Which 401(k) plans cover a similar participant headcount to Lutz Financial Pooled Employer Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Measurement Solutions Profit Sharing Plan in MO (4,202 participants, $1.6B 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 272037969.

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.