Filed March 6, 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.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $69,933 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,650 | $56,095+31.3% | $178,490-58.7% | $90,288-18.4% |
| Participation rate | 30.8% | 65.6%-34.8pp | 81.9%-51.1pp | 73.4%-42.6pp |
| Annual return | 16.47% | 28.81%-12.3pp | 151.07%-134.6pp | 53.97%-37.5pp |
| Employer contribution / active EE | $531 | $1,572-66.2% | $5,011-89.4% | $2,524-78.9% |
| Participant deferral / active EE | $631 | $2,669-76.4% | $5,202-87.9% | $4,232-85.1% |
| Admin fee / account holder | $129 | $101+27.7% | $13,984-99.1% | $114+12.7% |