| Provider | Service type | Compensation |
|---|---|---|
PNC BANK, N.A.5+ years Service code 25 · EIN 22-1146430 | Directed Trustee | $30,630 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORTGROUP INC. Service code 15 · EIN 27-2037969 | Recordkeeping | $27,099 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,971 | $105,173-80.1% | $87,102-75.9% | $77,775-73.0% |
| Participation rate | 59.0% | 85.8%-26.8pp | 76.9%-17.9pp | 73.2%-14.2pp |
| Annual return | 22.24% | 24.52%-2.3pp | 28.19%-6.0pp | 32.58%-10.3pp |
| Employer contribution / active EE | $485 | $2,890-83.2% | $2,521-80.8% | $2,504-80.6% |
| Participant deferral / active EE | $1,483 | $5,048-70.6% | $4,048-63.4% | $3,966-62.6% |
| Admin fee / account holder | $56 | $105-46.1% | $7,493-99.2% | $100-43.7% |