Filed April 24, 2019
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969 | Recordkeeping | $17,972 |
BLUEFIN FINANCIAL7 years Service code 27 212 W. ROUTE 38 · MOORESTOWN, NJ 08057 | Advisory (Plan) | $12,304 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,888 | $45,031+28.6% | $84,966-31.9% | $77,643-25.4% |
| Participation rate | 25.1% | 48.7%-23.6pp | 67.5%-42.4pp | 70.6%-45.5pp |
| Annual return | 12.84% | 79.22%-66.4pp | 66.38%-53.5pp | 31.24%-18.4pp |
| Employer contribution / active EE | $0 | $1,609-100.0% | $2,727-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $802 | $2,807-71.4% | $4,519-82.3% | $4,647-82.7% |
| Admin fee / account holder | $336 | $912-63.1% | $6,149-94.5% | $430-21.8% |