| Provider | Service type | Compensation |
|---|---|---|
PATHWAY FINANCIAL ADVISORS, LLC4+ years Service code 28 · EIN 20-0140604 110 MAIN STREET, #401 · BURLINGTON, VT 05401 | Investment Management | $70,203 |
NEWPORT GROUP, INC.4+ years Filed as: THE NEWPORT GROUP, INC. Service code 15 · EIN 62-1868111 13925 BALLANTYNE CORPORATE PLAZA · CHARLOTTE, NC 28277 | Recordkeeping | $53,549 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $54,643 | $62,543-12.6% | $83,327-34.4% | $55,727-1.9% |
| Participation rate | 70.7% | 78.4%-7.7pp | 77.8%-7.0pp | 70.9%-0.1pp |
| Annual return | -1.01% | 14.85%-15.9pp | 10.64%-11.6pp | 244.94%-246.0pp |
| Employer contribution / active EE | $0 | $2,427-100.0% | $3,379-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $2,444 | $5,682-57.0% | $5,565-56.1% | $3,356-27.2% |
| Admin fee / account holder | $425 | $103+312.4% | $7,540-94.4% | $115+269.2% |