Retirement plan

ADVISOR MANAGED POOLED EMPLOYER PLAN

Name: NEWPORT GROUP, INC. - ADVISOR MANAGED POOLED EMPLOYER PLAN (2021) Form 5500
Creator: NEWPORT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVISOR MANAGED POOLED EMPLOYER PLAN, NEWPORT GROUP, INC.

NEWPORT GROUP, INC.EIN 27-2037969Plan #014PY 2021

45 SOUTH 7TH STREET, SUITE 2208 - MINNEAPOLIS, MN 55402849-749-9981newportlawgroup.orgLinkedIn1-10 employeeslaw practice

Other plans on this EIN

10 filings

#002Retirement-$203.9M assets #003Retirement-$146.0M assets #012Retirement-$105.8M assets #004Retirement-$16.0M assets #009Retirement-$10.5M assets #013Retirement-$2.0M assets #005Retirement-$1.7M assets #011Retirement-$1.4M assets #018Retirement-$1.4M assets #017Retirement-$652K assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$21.2M

No prior year

Total participants

183

No prior year

Average account balance

$119,667

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$42.33M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$66K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

643

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

38.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.05%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$296

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$182K

$1424 / participant

Other / not subdivided$182K100.0%

% of EOY assets

0.861%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,667

$104,479+14.5%

$159,474-25.0%

$79,391+50.7%

Participation rate

95.3%

76.6%+18.7pp

82.8%+12.5pp

70.7%+24.6pp

Annual return

0.00%

67.98%-68.0pp

263.68%-263.7pp

116.88%-116.9pp

Employer contribution / active EE

$817

$3,417-76.1%

$4,831-83.1%

$2,428-66.3%

Participant deferral / active EE

$1,676

$6,468-74.1%

$7,353-77.2%

$4,046-58.6%

Admin fee / account holder

$1,030

$711+44.8%

$10,802-90.5%

$627+64.4%

ADVISOR MANAGED POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVISOR MANAGED POOLED EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion