| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.7+ years Filed as: THE NEWPORT GROUP, INC. Service code 15 · EIN 62-1868111 13925 BALLANTYNE CORPORATE PLAZA · CHARLOTTE, NC 28277 | Recordkeeping | $89,340 |
PATHWAY FINANCIAL ADVISORS, LLC7+ years Service code 28 · EIN 20-0140604 110 MAIN STREET, #401 · BURLINGTON, VT 05401 | Investment Management | $72,121 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,540 | $87,125-45.4% | $108,421-56.2% | $86,828-45.2% |
| Participation rate | 75.4% | 80.5%-5.1pp | 80.1%-4.7pp | 72.3%+3.1pp |
| Annual return | 13.88% | 25.21%-11.3pp | 905.61%-891.7pp | 97.95%-84.1pp |
| Employer contribution / active EE | $0 | $2,477-100.0% | $3,560-100.0% | $2,406-100.0% |
| Participant deferral / active EE | $2,513 | $6,944-63.8% | $6,564-61.7% | $4,132-39.2% |
| Admin fee / account holder | $360 | $130+176.8% | $7,298-95.1% | $170+112.5% |