Filed March 6, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Claims processing; Shareholder servic... | $56,327 |
NEWPORT GROUP, INC.6 years Service code 50 · EIN 27-2037969 | Direct Payment | $15,144 |
Service code 33 · EIN 04-3523567 | Securities brokerage commissions and ... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $54,789 | $53,204+3.0% | $155,556-64.8% | $200,096-72.6% |
| Participation rate | 42.8% | 64.1%-21.3pp | 78.2%-35.5pp | 72.0%-29.2pp |
| Annual return | 10.23% | 41.02%-30.8pp | 64.84%-54.6pp | 34.26%-24.0pp |
| Employer contribution / active EE | $818 | $1,850-55.8% | $4,675-82.5% | $3,038-73.1% |
| Participant deferral / active EE | $951 | $3,163-69.9% | $5,631-83.1% | $5,090-81.3% |
| Admin fee / account holder | $171 | $186-7.9% | $15,885-98.9% | $269-36.5% |