Filed December 30, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $380 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $32,981 | $73,638-55.2% | $95,960-65.6% | $73,493-55.1% |
| Participation rate | 44.4% | 76.2%-31.7pp | 77.1%-32.6pp | 70.7%-26.2pp |
| Annual return | 21.99% | 16.78%+5.2pp | 91.63%-69.6pp | 28.51%-6.5pp |
| Employer contribution / active EE | $1,436 | $1,863-22.9% | $2,541-43.5% | $2,270-36.8% |
| Participant deferral / active EE | $2,360 | $3,617-34.7% | $4,167-43.4% | $3,740-36.9% |
| Admin fee / account holder | $5 | $482-99.0% | $6,797-99.9% | $513-99.1% |