Filed October 17, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969 | Contract Administrator | $6,919 |
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 | $87,797 | $99,957-12.2% | $149,745-41.4% | $73,497+19.5% |
| Participation rate | 98.5% | 75.7%+22.8pp | 82.5%+16.0pp | 70.7%+27.8pp |
| Annual return | 18.13% | 53.87%-35.7pp | 276.72%-258.6pp | 28.51%-10.4pp |
| Employer contribution / active EE | $3,845 | $3,191+20.5% | $4,646-17.2% | $2,270+69.4% |
| Participant deferral / active EE | $8,904 | $6,073+46.6% | $6,843+30.1% | $3,740+138.1% |
| Admin fee / account holder | $29 | $551-94.7% | $9,312-99.7% | $513-94.4% |