Filed June 23, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $62,627 |
Service code 17 5800 MEADOWS ROAD · LAKE OSWEGO, OR 97035 | Pension Consulting | $34,851 |
Service code 12 · EIN 84-1477138 | Claims processing; Recordkeeping fees... | $7,082 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
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 | $17,557 | $38,833-54.8% | $78,778-77.7% | $77,958-77.5% |
| Participation rate | 45.7% | 60.9%-15.2pp | 69.2%-23.5pp | 71.6%-25.9pp |
| Annual return | 18.60% | 20.31%-1.7pp | 35.62%-17.0pp | 20.87%-2.3pp |
| Employer contribution / active EE | $387 | $840-53.8% | $1,986-80.5% | $2,310-83.2% |
| Participant deferral / active EE | $1,086 | $1,776-38.9% | $2,958-63.3% | $3,537-69.3% |
| Admin fee / account holder | $46 | $89-47.8% | $5,134-99.1% | $97-52.3% |