Filed July 21, 2021
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 12 · EIN 27-2037969 | Recordkeeping fees; Custodial (securi... | $7,780 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $56,618 | $112,596-49.7% | $152,301-62.8% | $64,728-12.5% |
| Participation rate | 92.6% | 63.6%+28.9pp | 82.4%+10.1pp | 57.9%+34.7pp |
| Annual return | 16.41% | 23.76%-7.4pp | 80.50%-64.1pp | 49.38%-33.0pp |
| Employer contribution / active EE | $0 | $3,716-100.0% | $4,624-100.0% | $2,243-100.0% |
| Participant deferral / active EE | $6,134 | $6,075+1.0% | $8,004-23.4% | $2,729+124.7% |
| Admin fee / account holder | $11 | $996-98.9% | $14,398-99.9% | $1,145-99.0% |