| Provider | Service type | Compensation |
|---|---|---|
PATHWAY FINANCIAL ADVISORS, LLC5+ years Service code 28 · EIN 20-0140604 110 MAIN STREET, #401 · BURLINGTON, VT 05401 | Investment Management | $68,487 |
NEWPORT GROUP, INC.5+ years Filed as: THE NEWPORT GROUP, INC. Service code 15 · EIN 62-1868111 13925 BALLANTYNE CORPORATE PLAZA · CHARLOTTE, NC 28277 | Recordkeeping | $64,354 |
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.)
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 | $48,807 | $69,231-29.5% | $91,994-46.9% | $67,584-27.8% |
| Participation rate | 74.4% | 78.9%-4.5pp | 78.6%-4.2pp | 71.3%+3.1pp |
| Annual return | 20.34% | 32.03%-11.7pp | 69.04%-48.7pp | 378.59%-358.3pp |
| Employer contribution / active EE | $0 | $2,284-100.0% | $3,453-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $2,371 | $5,854-59.5% | $5,924-60.0% | $3,540-33.0% |
| Admin fee / account holder | $387 | $107+260.6% | $7,744-95.0% | $142+172.2% |