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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FREEDOM ONE RETIREMENT SERVICES Service code 19 8031 M-15 · CLARKSTON, MI 48348 | Securities Custodian | $2,262 |
NEWPORT GROUP, INC.1+ years Service code 21 · EIN 27-2037969 | Bank Trustee | $176 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $159,295 | $53,901+195.5% | $134,155+18.7% | $73,493+116.7% |
| Participation rate | 0.0% | 62.8%-62.8pp | 72.2%-72.2pp | 70.7%-70.7pp |
| Annual return | 19.09% | 15.82%+3.3pp | 36.34%-17.3pp | 28.51%-9.4pp |
| Employer contribution / active EE | $371 | $1,458-74.5% | $3,705-90.0% | $2,270-83.6% |
| Participant deferral / active EE | $692 | $2,739-74.7% | $3,500-80.2% | $3,740-81.5% |
| Admin fee / account holder | $348 | $581-40.0% | $6,685-94.8% | $513-32.1% |