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.4 years Service code 15 · EIN 27-2037969 | Recordkeeping | $42,656 |
PNC BANK, N.A.1 year Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT Service code 26 · EIN 22-1146430 | Advisory (Participants) | $25,892 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131 | Trustee (individual); Trustee (bank, ... | $7,764 |
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 | $69,595 | $45,000+54.7% | $143,757-51.6% | $77,904-10.7% |
| Participation rate | 32.6% | 66.8%-34.2pp | 80.3%-47.7pp | 73.7%-41.1pp |
| Annual return | -14.93% | 29.03%-44.0pp | -0.04%-14.9pp | 12.21%-27.1pp |
| Employer contribution / active EE | $757 | $1,870-59.5% | $4,951-84.7% | $2,848-73.4% |
| Participant deferral / active EE | $912 | $3,157-71.1% | $5,637-83.8% | $4,806-81.0% |
| Admin fee / account holder | $162 | $98+65.0% | $14,673-98.9% | $133+22.5% |