Filed May 31, 2024
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $8,598 |
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 | $24,487 | $47,722-48.7% | $82,719-70.4% | $64,808-62.2% |
| Participation rate | 11.5% | 67.6%-56.2pp | 72.6%-61.1pp | 71.5%-60.0pp |
| Annual return | -17.44% | -13.05%-4.4pp | 701.18%-718.6pp | 32.82%-50.3pp |
| Employer contribution / active EE | $0 | $2,179-100.0% | $3,009-100.0% | $2,506-100.0% |
| Participant deferral / active EE | $455 | $3,329-86.3% | $4,395-89.6% | $4,310-89.4% |
| Admin fee / account holder | $144 | $143+0.9% | $5,329-97.3% | $188-23.2% |