Filed May 29, 2018
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MML INVESTORS SERVICES, LLC Service code 15 C/O NATIONAL FINANCIAL SERVICE · CINCINNATI, OH 45277 | Recordkeeping | $7,737 |
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969 | Recordkeeping | $5,633 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,078 | $79,519-49.6% | $95,964-58.2% | $73,412-45.4% |
| Participation rate | 13.4% | 81.2%-67.8pp | 77.1%-63.7pp | 72.2%-58.8pp |
| Annual return | 34.22% | 19.20%+15.0pp | 91.64%-57.4pp | 59.30%-25.1pp |
| Employer contribution / active EE | $380 | $2,048-81.4% | $2,541-85.0% | $2,234-83.0% |
| Participant deferral / active EE | $720 | $4,138-82.6% | $4,167-82.7% | $3,806-81.1% |
| Admin fee / account holder | $105 | $184-43.0% | $6,797-98.5% | $158-33.5% |