Filed March 6, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $82,834 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,143 | $67,512+17.2% | $185,823-57.4% | $93,030-14.9% |
| Participation rate | 34.7% | 67.1%-32.4pp | 81.7%-47.0pp | 73.9%-39.2pp |
| Annual return | 15.81% | 21.04%-5.2pp | 122.05%-106.2pp | 158.70%-142.9pp |
| Employer contribution / active EE | $723 | $1,783-59.5% | $5,167-86.0% | $2,706-73.3% |
| Participant deferral / active EE | $894 | $3,035-70.5% | $5,568-83.9% | $4,562-80.4% |
| Admin fee / account holder | $157 | $318-50.4% | $16,237-99.0% | $152+3.8% |