Filed March 7, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.7+ years Filed as: NEWPORT GROUP, INC Service code 13 · EIN 27-2037969 | Contract Administrator | $398,455 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 75-3182674 | Bank Trustee | $10,001 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $49,555 | $101,555-51.2% | $142,908-65.3% | $101,555-51.2% |
| Participation rate | 68.5% | 74.5%-6.1pp | 72.0%-3.5pp | 74.5%-6.1pp |
| Annual return | 14.12% | 21.00%-6.9pp | 5640.16%-5626.0pp | 21.00%-6.9pp |
| Employer contribution / active EE | $2,177 | $2,972-26.8% | $4,146-47.5% | $2,972-26.8% |
| Participant deferral / active EE | $2,718 | $4,874-44.2% | $3,838-29.2% | $4,874-44.2% |
| Admin fee / account holder | $67 | $139-51.9% | $6,560-99.0% | $139-51.9% |