Filed September 27, 2024
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Service code 12 · EIN 27-2037969 | Claims processing; Contract Administr... | $101,311 |
CCR WEALTH MANAGEMENT1+ years Filed as: CCR WEALTH MANAGEMENT, INC. Service code 26 1800 WEST PARK DRIVE · WESTBOROUGH, MA 01581 | Advisory (Participants) | $32,854 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $14,096 | $53,254-73.5% | $155,602-90.9% | $199,874-92.9% |
| Participation rate | 43.2% | 64.1%-20.9pp | 78.2%-35.0pp | 72.0%-28.8pp |
| Annual return | 13.54% | 41.18%-27.6pp | 64.81%-51.3pp | 34.28%-20.7pp |
| Employer contribution / active EE | $281 | $1,848-84.8% | $4,675-94.0% | $3,036-90.8% |
| Participant deferral / active EE | $261 | $3,165-91.8% | $5,629-95.4% | $5,090-94.9% |
| Admin fee / account holder | $102 | $186-45.1% | $15,923-99.4% | $269-62.1% |