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| Provider | Service type | Compensation |
|---|---|---|
HUNTINGTON NATIONAL BANK8+ years Service code 15 · EIN 31-0966785 | Recordkeeping | $20,418 |
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969 | Recordkeeping and information managem... | $5,614 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $61,586 | $65,437-5.9% | $86,698-29.0% | $66,949-8.0% |
| Participation rate | 52.0% | 75.5%-23.5pp | 76.6%-24.6pp | 69.8%-17.8pp |
| Annual return | -17.73% | -10.91%-6.8pp | 35.96%-53.7pp | 1.57%-19.3pp |
| Employer contribution / active EE | $579 | $2,154-73.1% | $2,837-79.6% | $2,545-77.3% |
| Participant deferral / active EE | $2,353 | $4,102-42.6% | $4,656-49.5% | $4,239-44.5% |
| Admin fee / account holder | $307 | $642-52.2% | $7,492-95.9% | $594-48.4% |