Filed September 27, 2024 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Service code 12 · EIN 27-2037969 | Contract Administrator; Claims proces... | $92,611 |
CCR WEALTH MANAGEMENT1+ years Filed as: CCR WEALTH MANAGEMENT, INC. Service code 26 1800 WEST PARK DRIVE · WESTBOROUGH, MA 01581 | Advisory (Participants) | $29,743 |
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.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,834 | $45,000-71.5% | $143,799-91.1% | $77,906-83.5% |
| Participation rate | 48.5% | 66.8%-18.3pp | 80.3%-31.8pp | 73.7%-25.2pp |
| Annual return | -12.60% | 29.03%-41.6pp | -0.04%-12.6pp | 12.16%-24.8pp |
| Employer contribution / active EE | $379 | $1,870-79.8% | $4,952-92.4% | $2,846-86.7% |
| Participant deferral / active EE | $319 | $3,157-89.9% | $5,638-94.3% | $4,805-93.4% |
| Admin fee / account holder | $102 | $98+3.2% | $14,677-99.3% | $133-23.4% |