Filed November 21, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 15 · EIN 27-2037969 | Recordkeeping | $85,547 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $19,365 |
Participant contribution per participant 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 | $95,335 | $82,163+16.0% | $125,381-24.0% | $64,819+47.1% |
| Participation rate | 89.4% | 77.9%+11.5pp | 82.4%+7.1pp | 71.5%+18.0pp |
| Annual return | -17.49% | 3.49%-21.0pp | 572.31%-589.8pp | 32.84%-50.3pp |
| Employer contribution / active EE | $8,734 | $3,616+141.5% | $4,815+81.4% | $2,507+248.4% |
| Participant deferral / active EE | $2,220 | $7,175-69.1% | $7,448-70.2% | $4,311-48.5% |
| Admin fee / account holder | $114 | $163-30.1% | $10,007-98.9% | $188-39.2% |