California › Professional, scientific and technical services › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Savewisetm Pooled Employer Plan
Sponsored by Newport Group, Inc., Folsom, CA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Savewisetm Pooled Employer Plan is a 401(k) plan sponsored by Newport Group, Inc. of Folsom, California. For the plan year ending 31 Dec 2024 it reported 26,638 participants, 22,638 of them active, and net assets of $431M. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $16,185 per participant, well below the $62,774 median for defined contribution plans with 25,000 or more participants and well below the $73,951 median for defined contribution plans in professional, scientific and technical services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $21.5M during the year, or $948 per active participant against a same-size median of $2,417; participants contributed $53.2M and $9.6M arrived as rollovers and other contributions. Benefits paid out totalled $63.0M.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $2.0M: $73.72 per participant, well above the same-size median of $36.41. Administrative expenses charged to the plan were $1.9M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $136M in 2022 to $431M in 2024 (up 217%), and participants from 8,521 to 26,638 (up 213%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $16,185 | $62,774 | $73,951 | $53,102 |
| Employer contributions per active participant | $948 | $2,417 | $3,219 | $2,175 |
| Schedule C compensation per participant | $73.72 | $36.41 | $148 | $123 |
| Schedule C compensation, share of net assets | 0.46% | 0.07% | 0.22% | 0.26% |
| Administrative expenses per participant | $73.02 | $38.81 | $140 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), professional, scientific and technical services (9,776) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 26,638 | $431M | $16,185 | $21.5M | $53.2M | $2.0M |
| 2023 | 24,996 | $347M | $13,890 | $15.9M | $40.9M | $1.3M |
| 2022 | 8,521 | $136M | $15,950 | $5.1M | $12.6M | $234K |
| 2021 | 163 | — | — | — | — | — |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$347,202,202
- Employer contributions$21,466,885
- Participant contributions$53,245,284
- Rollovers and other contributions$9,556,757
- Total contributions$84,268,926
- Total income, including investment results$133,295,453
- Benefits paid$62,957,978
- Administrative expenses$1,945,085
- Total expenses$65,561,905
- Net income$67,733,548
- Net transfers$16,203,580
- Net assets, end of year$431,139,330
Participants
- Active participants22,638
- Retired or separated, receiving benefits284
- Retired or separated, entitled to future benefits3,702
- Participants with account balances13,011
- Total participants, end of year26,638
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Newport Group, Inc. | Claims processing; Contract Administrator; Plan Administrator; Named fiduciary; Participant loan processing; Participant communication | $1,069,520 | $0 |
| Creative Planning, LLC | Investment advisory (plan) | $747,136 | $0 |
| Newport Trust Company | Trustee (bank, trust company, or similar financial institution); Trustee (directed) | $81,327 | $0 |
| Lockton Investment Advisors, LLC | Investment advisory (plan) | $30,864 | $0 |
| Doeren Mayhew CPAS and Advisors | Accounting (including auditing) | $21,095 | $0 |
| Mesirow Financial Investment Manage | Investment advisory (plan) | $10,649 | $0 |
| Newport Group, Consulting | Investment advisory (participants); Investment advisory (plan) | $3,222 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$806,792
- Contract administrator fees$612,530
- Recordkeeping fees$423,341
- Trustee and custodial fees$81,327
- IQPA audit fees$21,095
- Total administrative expenses$1,945,085
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$269M · 62.3%
- Registered investment companies (mutual funds)$157M · 36.5%
- Participant loans$4.7M · 1.1%
- Cash (interest and non-interest bearing)$439K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateYes, $12,367,471
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearYes
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2AAge/service weighted or new comparability or similar plan2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account2WMultiple-employer pension plan that is a pooled employer plan3BPlan covering self-employed individuals3DPre-approved pension plan3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541219: Other Accounting Services.
Other plans of Newport Group, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Ascensus Secure Retirement Pooled Employer Plan | 12,631 | $206M |
| Lutz Financial Pooled Employer Plan | 6,072 | $369M |
| Fiducient Advisors Pooled Employer Plan | 2,787 | $174M |
| Tfo Advantage Pooled Employer Plan | 2,627 | $131M |
| Unity 401(k) Pooled Employer Plan | 1,706 | $146M |
| MMHR 401(k) Pooled Employer Plan | 1,660 | $37.0M |
| Advisor Managed Pooled Employer Plan | 1,458 | $42.3M |
| Aprio Advantage Pooled Employer Plan | 1,355 | $55.7M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Trinet Select 401(k) Plan | Trinet HR IV, LLC | 42,129 | $2.95B | $70,134 |
| HCL America, Inc. 401(k) Plan | HCL America Inc. | 25,624 | $1.49B | $58,123 |
| National Veterinary Associates, Inc. 401(k) Plan | National Veterinary Associates, Inc. | 52,955 | $809M | $15,280 |
| Parsons Employee Stock Ownership Plan | Parsons Corporation | 19,787 | $4.99B | $252,315 |
| Oracle Corporation 401(k) Savings and Investment Plan | Oracle Corporation | 99,877 | $35.0B | $350,806 |
| Nvidia Corporation 401(k) Plan | Nvidia Corporation | 19,361 | $4.75B | $245,280 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Savewisetm Pooled Employer Plan?
26,638 participants at the end of the plan year ending 31 Dec 2024, of whom 22,638 were active employees, with net assets of $431,139,330. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does Newport Group, Inc. contribute per participant?
The filing reports $21,466,885 in employer contributions for the year, which is $948 per active participant; the median for plans of the same type and size was $2,417 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $1,963,813 in compensation to service provider organisations, $73.72 per participant or 0.46% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $1,945,085. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Newport Group, Inc.. Recordkeeping or administration: Newport Group, Inc.. Investment advisory or management: Creative Planning, LLC, Lockton Investment Advisors, LLC and Mesirow Financial Investment Manage. Trustee or custodian: Newport Trust Company. The financial statements were audited by CliftonLarsonAllen LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 18 Dec 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 27-2037969, plan 016, received 18 Dec 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.