Filed June 16, 2018
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.1 year Service code 15 · EIN 27-2037969 | Recordkeeping | $54,152 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $84,442 | $73,638+14.7% | $95,952-12.0% | $73,488+14.9% |
| Participation rate | 91.8% | 76.2%+15.6pp | 77.1%+14.7pp | 70.7%+21.1pp |
| Annual return | 8.27% | 16.78%-8.5pp | 91.61%-83.3pp | 28.51%-20.2pp |
| Employer contribution / active EE | $1,285 | $1,863-31.0% | $2,541-49.4% | $2,270-43.4% |
| Participant deferral / active EE | $3,232 | $3,617-10.7% | $4,167-22.4% | $3,740-13.6% |
| Admin fee / account holder | $354 | $482-26.6% | $6,795-94.8% | $513-31.0% |