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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $29,599 |
HBK CPAS & CONSULTANTS1 year Filed as: HBK SOURCE FINANCIAL Service code 27 · EIN 34-1925728 | Advisory (Plan) | $21,324 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $116,975 | $67,602+73.0% | $82,312+42.1% | $70,126+66.8% |
| Participation rate | 95.9% | 72.8%+23.1pp | 76.9%+19.0pp | 69.5%+26.3pp |
| Annual return | 15.94% | 21.57%-5.6pp | 25.88%-9.9pp | 73.15%-57.2pp |
| Employer contribution / active EE | $0 | $1,755-100.0% | $2,428-100.0% | $2,343-100.0% |
| Participant deferral / active EE | $3,679 | $2,987+23.2% | $3,706-0.7% | $3,332+10.4% |
| Admin fee / account holder | $548 | $4,512-87.9% | $5,608-90.2% | $4,645-88.2% |