Plan Ledger DOL Form 5500 · updated monthly

Newport Industries, Inc.ESOP

THE KELSO-BURNETT CO. EMPLOYEE STOCK OWNERSHIP PLAN · ROLLING MEADOWS, IL · plan year 2024

Plan assets · 2024
$68.1M

Newport Industries, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $68,059,296 across 149 participant accounts. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 734th-largest of 3,702 plans among Illinois employers on file, and the 845th of 5,337 in construction.

Plan summary
Net assets, end of year$68,059,296
Participants with balances149
Active participants127
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$456,774
Benefits paid to participants$6,885,594
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$68.1M · 149 accts
2023$62.9M · 140 accts · $1.9M emplr
2022$51.3M · 147 accts · $1.5M emplr
Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022$61 · 0.00%
All plans at this employer2
THE KELSO-BURNETT CO. EMPLOYEE STOCK OWNERSHIP PLANESOP
NEWPORT INDUSTRIES, INC. 401(K) PLAN401(k)
Same employer
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Helm Group, Inc. IL$76.6M · 0.19%
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Source: U.S. Department of Labor, Form 5500 series, EIN 271481214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.