Department of Labor filing

NEWCOMB & BOYD

NEWCOMB & BOYD PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 6, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

25filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$2,150

Reported employer contributions per active participant.

Higher than about 32% of comparable plans

#People in the filing

283

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$423 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 10% of comparable plans

↗Investment performance

Not available

Plan assets changed 18.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202425out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions32nd percentileTypical peer $3,137 · based on 5,509 comparable plans

Lower reported administrative expense10th percentileTypical peer $173 · based on 5,672 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, NEWCOMB & BOYD reported $608,513 in employer contributions across the plan and 283 active participants. That works out to $2,150 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy81%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 7.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 9.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context25/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $608,513
Participant contributions: $2,643,967
Other contributions: $326,684
Employer share of reported contributions: 18.7%
Beginning assets: $35,857,572
Ending assets: $42,572,942
Ending net assets: $42,572,942
Ending liabilities: $0
Total income: $8,970,896
Total expenses: $2,250,938
Administrative expenses: $142,858
Participant loans: $270,607

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,999

2023

$2,664

2024

$2,150

Plan-paid administrative expenses per participant

2022

$387

2023

$382

2024

$423

Active participants

2022

229

2023

267

2024

283

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,150	283	42.6M	20251006151518NAL0003698417001
2023	$2,664	267	35.9M	20241009092850NAL0010478723001
2022	$1,999	229	30.6M	20231016134701NAL0024965539001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 580876245-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Nov 1, 1965
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2T3B3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
TRANSAMERICA RETIREMENT SOLUTIONS	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251006151518NAL0003698417001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗