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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SOVEREIGN FINANCIAL GROUP, INC. Service code 27 405 LEXINGTON AVE · NEW YORK, NY 10174 | Advisory (Plan) | $84,796 |
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969 | Recordkeeping | $5,871 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $69,474 | $69,774-0.4% | $67,561+2.8% | $74,429-6.7% |
| Participation rate | 98.6% | 71.4%+27.2pp | 72.9%+25.7pp | 67.2%+31.4pp |
| Annual return | 9.68% | -40.53%+50.2pp | 3525.44%-3515.8pp | 1368.38%-1358.7pp |
| Employer contribution / active EE | $5,001 | $2,710+84.5% | $2,735+82.9% | $2,625+90.5% |
| Participant deferral / active EE | $2,032 | $3,636-44.1% | $4,003-49.2% | $4,348-53.3% |
| Admin fee / account holder | $308 | $890-65.3% | $4,006-92.3% | $1,944-84.1% |