Filed May 31, 2024
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP, INC Service code 13 · EIN 27-2037969 | Contract Administrator | $8,069 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,690 | $58,290-49.1% | $98,442-69.8% | $86,799-65.8% |
| Participation rate | 16.4% | 68.3%-52.0pp | 73.3%-57.0pp | 72.3%-55.9pp |
| Annual return | 26.28% | 43.48%-17.2pp | 1492.73%-1466.4pp | 97.91%-71.6pp |
| Employer contribution / active EE | $0 | $2,008-100.0% | $2,960-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $399 | $3,152-87.3% | $4,276-90.7% | $4,131-90.3% |
| Admin fee / account holder | $130 | $138-5.4% | $5,949-97.8% | $170-23.2% |