Filed August 28, 2009
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111 | Participant loan processing; Claims p... | $51,948 |
AMERICAN FUNDS1+ years Filed as: ADVANCED CAPITAL GROUP Service code 27 50 SOUTH SIXTH STREET · MINNEAPOLIS, MN 55402 | Advisory (Plan) | $27,484 |
VERISIGHT, INC.1+ years Filed as: VERISIGHT TRUST COMPANY Service code 12 · EIN 27-4411131 | Claims processing; Trustee (directed)... | $6,781 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $94,376 | $50,464+87.0% | $75,781+24.5% | $52,331+80.3% |
| Participation rate | 85.5% | 66.8%+18.7pp | 75.8%+9.7pp | 68.1%+17.4pp |
| Annual return | -0.69% | 1.03%-1.7pp | 9.68%-10.4pp | 4.54%-5.2pp |
| Employer contribution / active EE | $1,848 | $1,988-7.1% | $3,323-44.4% | $1,882-1.8% |
| Participant deferral / active EE | $5,442 | $2,570+111.7% | $3,651+49.0% | $3,022+80.1% |
| Admin fee / account holder | $329 | $1,103-70.2% | $5,299-93.8% | $592-44.4% |