Narragansett Jewelry Co., Inc. Employee Stock Ownership Plan and Trust

401(k) · DOL Form 5500 · 2024

What the Filing Says About Narragansett Jewelry Co., Inc. Employee Stock Ownership Plan and Trust

Narragansett Jewelry Co., Inc. Employee Stock Ownership Plan and Trust is a 401(k) retirement plan sponsored by Narragansett Jewelry Co., Inc., headquartered in Rhode Island. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $684K in total end-of-year assets and covers 56 participants across the Wholesale Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 050505179, and the plan has been effective since 2019-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets contracted severely from $1M at the beginning of 2024 to $684K at year-end - down 32.9%. Net assets (after liabilities) closed the year at $511K, with reported net income of -$331K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Narragansett Jewelry Co., Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $764K to $684K, a decline of 10.5%, while reported participants moved from 50 to 56 (+12.0%). The strongest year on file by total sponsor assets was 2023 at $1M; the softest was 2024 at $684K. Year-by-year, sponsor-wide filings show: 2022 - $764K in assets across 1 plan covering 50 participants; 2023 - $1M in assets across 1 plan covering 56 participants; 2024 - $684K in assets across 1 plan covering 56 participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Narragansett Jewelry Co., Inc. Employee Stock Ownership Plan and Trust against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.