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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 13 · EIN 27-2037969 | Contract Administrator | $22,092 |
PEOPLE'S UNITED BANK6+ years Service code 13 · EIN 06-1213065 | Contract Administrator | $14,698 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,200 | $55,636-74.5% | $81,982-82.7% | $73,497-80.7% |
| Participation rate | 79.6% | 62.3%+17.3pp | 69.3%+10.4pp | 70.7%+9.0pp |
| Annual return | 9.77% | 19.07%-9.3pp | 41.31%-31.5pp | 28.51%-18.7pp |
| Employer contribution / active EE | $461 | $1,625-71.7% | $2,498-81.6% | $2,270-79.7% |
| Participant deferral / active EE | $2,188 | $2,762-20.8% | $3,722-41.2% | $3,740-41.5% |
| Admin fee / account holder | $113 | $493-77.2% | $5,665-98.0% | $513-78.1% |