| Provider | Service type | Compensation |
|---|---|---|
PATHWAY FINANCIAL ADVISORS, LLC1+ years Service code 28 · EIN 20-0140604 110 MAIN STREET, #401 · BURLINGTON, VT 05401 | Investment Management | $62,877 |
NEWPORT GROUP, INC.1+ years Filed as: THE NEWPORT GROUP, INC. Service code 15 · EIN 62-1868111 13925 BALLANTYNE CORPORATE PLAZA · CHARLOTTE, NC 28277 | Recordkeeping | $41,330 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,561 | $55,182-1.1% | $73,309-25.6% | $55,191-1.1% |
| Participation rate | 78.6% | 73.9%+4.6pp | 74.9%+3.7pp | 69.2%+9.4pp |
| Annual return | -3.11% | 8.55%-11.7pp | 5.67%-8.8pp | 10.78%-13.9pp |
| Employer contribution / active EE | $0 | $1,935-100.0% | $3,237-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $2,195 | $4,641-52.7% | $4,991-56.0% | $3,046-27.9% |
| Admin fee / account holder | $424 | $68+518.5% | $5,635-92.5% | $91+366.6% |