Filed March 7, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT GROUP, INC Service code 60 · EIN 27-2037969 | Sub-TA Fees | $168,902 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,705 | $43,453-22.4% | $109,313-69.2% | $63,975-47.3% |
| Participation rate | 93.0% | 59.3%+33.7pp | 71.3%+21.7pp | 71.1%+21.9pp |
| Annual return | 7.16% | 9.85%-2.7pp | 22.07%-14.9pp | 48.65%-41.5pp |
| Employer contribution / active EE | $2,120 | $1,799+17.8% | $3,892-45.5% | $2,182-2.8% |
| Participant deferral / active EE | $2,446 | $2,093+16.8% | $3,166-22.8% | $3,356-27.1% |
| Admin fee / account holder | $37 | $79-53.4% | $5,666-99.4% | $70-47.8% |