Filed September 27, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2+ years Service code 12 · EIN 27-2037969 | Claims processing; Contract Administr... | $89,346 |
CCR WEALTH MANAGEMENT2+ years Filed as: CCR WEALTH MANAGEMENT, INC. Service code 26 1800 WEST PARK DRIVE · WESTBOROUGH, MA 01581 | Advisory (Participants) | $29,944 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,698 | $50,127-74.7% | $149,673-91.5% | $80,160-84.2% |
| Participation rate | 49.6% | 64.3%-14.7pp | 78.8%-29.2pp | 72.9%-23.4pp |
| Annual return | 9.85% | 29.82%-20.0pp | 134.42%-124.6pp | 40.38%-30.5pp |
| Employer contribution / active EE | $329 | $1,865-82.3% | $4,818-93.2% | $2,978-88.9% |
| Participant deferral / active EE | $333 | $3,194-89.6% | $5,680-94.1% | $5,017-93.4% |
| Admin fee / account holder | $96 | $153-37.2% | $13,210-99.3% | $145-33.9% |