Filed January 18, 2022
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $33,385 |
NEWPORT GROUP, INC.8 years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 15 · EIN 62-1868111 | Recordkeeping | $13,235 |
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.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,488 | $83,884-24.3% | $64,056-0.9% | $74,419-14.7% |
| Participation rate | 29.5% | 76.6%-47.1pp | 72.3%-42.8pp | 70.7%-41.2pp |
| Annual return | 18.47% | 16.57%+1.9pp | 33.69%-15.2pp | 34.38%-15.9pp |
| Employer contribution / active EE | $0 | $3,084-100.0% | $2,747-100.0% | $2,637-100.0% |
| Participant deferral / active EE | $931 | $3,692-74.8% | $3,880-76.0% | $4,528-79.4% |
| Admin fee / account holder | $95 | $196-51.4% | $3,068-96.9% | $348-72.6% |