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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 84-1477138 | Recordkeeping and information managem... | $450 |
NEWPORT GROUP, INC.1+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Investment management; Direct payment... | $200 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,538 | $46,732-51.8% | $156,551-85.6% | $55,167-59.1% |
| Participation rate | 22.3% | 65.8%-43.5pp | 84.0%-61.7pp | 69.0%-46.7pp |
| Annual return | 0.47% | 17.72%-17.2pp | 32.23%-31.8pp | 169.23%-168.8pp |
| Employer contribution / active EE | $134 | $2,105-93.6% | $5,501-97.6% | $1,963-93.1% |
| Participant deferral / active EE | $1,328 | $2,204-39.7% | $4,871-72.7% | $3,054-56.5% |
| Admin fee / account holder | $11 | $418-97.4% | $13,028-99.9% | $504-97.9% |