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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $28,868 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,051 | $50,919-94.0% | $155,556-98.0% | $77,762-96.1% |
| Participation rate | 88.4% | 63.1%+25.3pp | 78.2%+10.2pp | 70.6%+17.8pp |
| Annual return | 19.16% | 34.84%-15.7pp | 64.84%-45.7pp | 31.27%-12.1pp |
| Employer contribution / active EE | $588 | $1,991-70.5% | $4,675-87.4% | $2,728-78.5% |
| Participant deferral / active EE | $313 | $2,824-88.9% | $5,631-94.4% | $4,651-93.3% |
| Admin fee / account holder | $85 | $437-80.6% | $15,885-99.5% | $433-80.4% |