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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $135,472 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,629 | $66,528-16.4% | $86,874-36.0% | $86,810-35.9% |
| Participation rate | 67.7% | 72.4%-4.7pp | 71.6%-4.0pp | 72.3%-4.6pp |
| Annual return | 15.58% | 19.56%-4.0pp | 63.52%-47.9pp | 97.92%-82.3pp |
| Employer contribution / active EE | $459 | $2,007-77.1% | $2,495-81.6% | $2,405-80.9% |
| Participant deferral / active EE | $2,679 | $3,240-17.3% | $3,699-27.6% | $4,131-35.1% |
| Admin fee / account holder | $165 | $148+11.1% | $5,828-97.2% | $170-2.9% |