Filed June 23, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969 | Contract Administrator | $123,689 |
Service code 17 5800 MEADOWS ROAD · LAKE OSWEGO, OR 97035 | Pension Consulting | $49,159 |
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 | $15,147 | $33,780-55.2% | $74,552-79.7% | $75,289-79.9% |
| Participation rate | 46.8% | 62.7%-15.9pp | 69.1%-22.4pp | 72.4%-25.6pp |
| Annual return | -5.29% | -1.24%-4.0pp | 32.53%-37.8pp | -0.04%-5.3pp |
| Employer contribution / active EE | $418 | $845-50.5% | $1,961-78.7% | $2,405-82.6% |
| Participant deferral / active EE | $1,236 | $1,890-34.6% | $3,108-60.2% | $3,739-66.9% |
| Admin fee / account holder | $66 | $86-24.1% | $5,060-98.7% | $102-35.9% |