Filed April 30, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969 | Recordkeeping | $38,846 |
PNC BANK, N.A.2 years Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT Service code 27 · EIN 22-1146430 | Advisory (Plan) | $36,029 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $10,809 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,396 | $45,109-3.8% | $85,187-49.1% | $77,736-44.2% |
| Participation rate | 94.2% | 48.7%+45.5pp | 67.5%+26.6pp | 70.6%+23.6pp |
| Annual return | 17.57% | 79.55%-62.0pp | 66.67%-49.1pp | 31.26%-13.7pp |
| Employer contribution / active EE | $759 | $1,602-52.6% | $2,732-72.2% | $2,728-72.2% |
| Participant deferral / active EE | $5,538 | $2,814+96.8% | $4,525+22.4% | $4,651+19.1% |
| Admin fee / account holder | $95 | $915-89.7% | $6,162-98.5% | $433-78.1% |