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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2+ years Service code 13 · EIN 27-2037969 | Contract Administrator | $10,806 |
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).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $8,867 | $49,138-82.0% | $84,023-89.4% | $65,186-86.4% |
| Participation rate | 73.6% | 60.7%+12.9pp | 69.0%+4.6pp | 70.2%+3.4pp |
| Annual return | 31.49% | 23.00%+8.5pp | 71.32%-39.8pp | 29.39%+2.1pp |
| Employer contribution / active EE | $1,870 | $914+104.7% | $1,984-5.7% | $2,177-14.1% |
| Participant deferral / active EE | $3,083 | $2,397+28.6% | $3,239-4.8% | $3,514-12.3% |
| Admin fee / account holder | $100 | $543-81.5% | $6,102-98.4% | $847-88.2% |