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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969 | Contract Administrator | $16,283 |
FORTUNE 3603 years Service code 26 8211 W BROWARD BLVD STE 420 · PLANTATION, FL 33324 | Advisory (Participants) | $13,470 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $14,568 | $52,961-72.5% | $172,755-91.6% | $65,185-77.7% |
| Participation rate | 68.1% | 66.2%+1.9pp | 82.6%-14.6pp | 70.2%-2.1pp |
| Annual return | 23.03% | 30.12%-7.1pp | 802.94%-779.9pp | 29.38%-6.4pp |
| Employer contribution / active EE | $0 | $2,190-100.0% | $5,144-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $3,616 | $2,471+46.3% | $5,198-30.4% | $3,514+2.9% |
| Admin fee / account holder | $183 | $472-61.3% | $13,955-98.7% | $847-78.4% |