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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $10,927 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $18,486 | $80,360-77.0% | $90,160-79.5% | $77,958-76.3% |
| Participation rate | 32.6% | 81.9%-49.3pp | 76.9%-44.3pp | 71.6%-39.0pp |
| Annual return | 27.89% | 24.56%+3.3pp | 34.88%-7.0pp | 20.87%+7.0pp |
| Employer contribution / active EE | $0 | $2,326-100.0% | $3,318-100.0% | $2,310-100.0% |
| Participant deferral / active EE | $2,369 | $5,829-59.4% | $5,288-55.2% | $3,537-33.0% |
| Admin fee / account holder | $17 | $64-73.5% | $5,943-99.7% | $97-82.6% |