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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $56,720 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
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 | $11,636 | $44,898-74.1% | $85,187-86.3% | $199,960-94.2% |
| Participation rate | 23.7% | 45.7%-22.1pp | 67.5%-43.8pp | 72.0%-48.3pp |
| Annual return | 13.19% | 20.98%-7.8pp | 66.67%-53.5pp | 34.28%-21.1pp |
| Employer contribution / active EE | $113 | $1,367-91.8% | $2,732-95.9% | $3,036-96.3% |
| Participant deferral / active EE | $926 | $2,670-65.3% | $4,525-79.5% | $5,087-81.8% |
| Admin fee / account holder | $144 | $585-75.4% | $6,162-97.7% | $269-46.5% |