Filed April 27, 2021
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969 | Contract Administrator | $50,786 |
KWB WEALTH2 years Service code 27 1782 ORANGE TREE LANE · REDLANDS, CA 92374 | Advisory (Plan) | $46,025 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131 | Trustee (individual); Trustee (bank, ... | $7,690 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $81,334 | $46,332+75.5% | $143,799-43.4% | $64,819+25.5% |
| Participation rate | 87.2% | 64.2%+22.9pp | 80.3%+6.9pp | 71.5%+15.7pp |
| Annual return | -19.04% | -10.05%-9.0pp | -0.04%-19.0pp | 32.84%-51.9pp |
| Employer contribution / active EE | $5,230 | $1,911+173.7% | $4,952+5.6% | $2,507+108.6% |
| Participant deferral / active EE | $3,663 | $2,647+38.3% | $5,638-35.0% | $4,311-15.0% |
| Admin fee / account holder | $322 | $154+109.0% | $14,677-97.8% | $188+71.2% |