Filed February 12, 2024 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.6 years Service code 13 · EIN 27-2037969 | Contract Administrator | $66,846 |
PNC BANK, N.A.3 years Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT Service code 28 · EIN 22-1146430 | Investment Management | $23,846 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $5,585 |
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.
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,542 | $241,101-73.2% | $103,374-37.6% | $199,768-67.7% |
| Participation rate | 10.4% | 78.3%-67.9pp | 74.5%-64.1pp | 72.0%-61.6pp |
| Annual return | 13.33% | 17.80%-4.5pp | 24.89%-11.6pp | 34.26%-20.9pp |
| Employer contribution / active EE | $175 | $4,244-95.9% | $3,869-95.5% | $3,037-94.2% |
| Participant deferral / active EE | $817 | $3,958-79.4% | $5,058-83.9% | $5,090-84.0% |
| Admin fee / account holder | $311 | $288+8.0% | $8,394-96.3% | $269+15.5% |