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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969 | Recordkeeping | $13,214 |
PNC BANK, N.A.5+ years Service code 25 · EIN 22-1146430 | Directed Trustee | $9,842 |
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.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,971 | $65,376-43.4% | $87,104-57.6% | $65,185-43.3% |
| Participation rate | 50.4% | 75.3%-25.0pp | 76.9%-26.5pp | 70.2%-19.8pp |
| Annual return | 23.20% | 31.27%-8.1pp | 28.19%-5.0pp | 29.38%-6.2pp |
| Employer contribution / active EE | $808 | $1,822-55.7% | $2,521-68.0% | $2,177-62.9% |
| Participant deferral / active EE | $1,575 | $3,388-53.5% | $4,048-61.1% | $3,514-55.2% |
| Admin fee / account holder | $268 | $520-48.4% | $7,491-96.4% | $847-68.4% |