Filed June 23, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969 | Contract Administrator | $123,660 |
Service code 17 5800 MEADOWS ROAD · LAKE OSWEGO, OR 97035 | Pension Consulting | $44,166 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,150 | $43,466-39.8% | $90,965-71.3% | $90,274-71.0% |
| Participation rate | 50.6% | 62.5%-11.8pp | 69.0%-18.4pp | 73.4%-22.7pp |
| Annual return | 16.86% | 25.26%-8.4pp | 134.57%-117.7pp | 53.97%-37.1pp |
| Employer contribution / active EE | $506 | $840-39.7% | $2,122-76.1% | $2,523-79.9% |
| Participant deferral / active EE | $1,548 | $2,138-27.6% | $3,373-54.1% | $4,231-63.4% |
| Admin fee / account holder | $71 | $92-22.2% | $5,960-98.8% | $114-37.3% |