Filed November 13, 2023
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| Provider | Service type | Compensation |
|---|---|---|
THE DAVID J. YVARS GROUP6 years Service code 27 400 COLUMBUS AVE · VALHALLA, NY 10595 | Advisory (Plan) | $17,315 |
NEWPORT GROUP, INC.8 years Service code 15 · EIN 27-2037969 | Recordkeeping | $5,230 |
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.
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 | $43,580 | $46,688-6.7% | $189,758-77.0% | $69,733-37.5% |
| Participation rate | 39.2% | 61.7%-22.5pp | 79.8%-40.6pp | 62.5%-23.2pp |
| Annual return | 13.87% | 14.35%-0.5pp | 52.62%-38.8pp | 15.22%-1.4pp |
| Employer contribution / active EE | $1,570 | $1,695-7.4% | $4,767-67.1% | $2,250-30.2% |
| Participant deferral / active EE | $856 | $2,143-60.0% | $5,856-85.4% | $3,054-72.0% |
| Admin fee / account holder | $182 | $1,700-89.3% | $20,388-99.1% | $3,102-94.1% |