Filed November 12, 2020
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP INC Service code 15 · EIN 27-2037969 | Recordkeeping | $328,478 |
Filed as: CAPFINANCIAL PARTNERS, LLC Service code 26 · EIN 26-0058143 4208 SIX FORKS ROAD · RALEIGH, NC 27609 | Advisory (Participants) | $55,482 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $41,598 | $130,338-68.1% | $85,708-51.5% | $106,520-60.9% |
| Participation rate | 30.2% | 64.6%-34.5pp | 69.9%-39.7pp | 71.3%-41.2pp |
| Annual return | 15.34% | 14.40%+0.9pp | 21.49%-6.1pp | 19.28%-3.9pp |
| Employer contribution / active EE | $440 | $3,864-88.6% | $2,618-83.2% | $2,840-84.5% |
| Participant deferral / active EE | $1,258 | $4,160-69.8% | $3,922-67.9% | $4,948-74.6% |
| Admin fee / account holder | $76 | $114-33.0% | $6,876-98.9% | $75+2.4% |