Filed March 5, 2025
Total covered: 34 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111 | Claims processing; Sub-transfer agenc... | $20,913 |
SEQUOIA FINANCIAL ADVISORS LLC1+ years Filed as: SEQUOIA FINANCIAL ADVISORS,LLC Service code 27 3500 EMBASSY PARKWAY · AKRON, OH 44333 | Advisory (Plan) | $6,889 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $15,584 | $38,925-60.0% | $73,843-78.9% | $55,191-71.8% |
| Participation rate | 55.8% | 66.0%-10.2pp | 73.4%-17.6pp | 69.2%-13.4pp |
| Annual return | 0.36% | 6.31%-5.9pp | 2267.84%-2267.5pp | 10.78%-10.4pp |
| Employer contribution / active EE | $1,214 | $1,695-28.4% | $2,787-56.4% | $1,899-36.1% |
| Participant deferral / active EE | $1,798 | $2,351-23.5% | $3,583-49.8% | $3,046-41.0% |
| Admin fee / account holder | $167 | $83+102.1% | $4,880-96.6% | $91+84.5% |