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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,580 | $49,915-12.7% | $154,803-71.8% | $74,304-41.3% |
| Participation rate | 39.2% | 54.0%-14.7pp | 78.1%-38.8pp | 60.3%-21.1pp |
| Annual return | 13.87% | 34.06%-20.2pp | 58.88%-45.0pp | 29.43%-15.6pp |
| Employer contribution / active EE | $1,570 | $1,611-2.6% | $4,305-63.5% | $2,241-29.9% |
| Participant deferral / active EE | $856 | $2,255-62.0% | $5,540-84.5% | $3,767-77.3% |
| Admin fee / account holder | $182 | $2,189-91.7% | $14,329-98.7% | $2,969-93.9% |