Filed March 5, 2025
Total covered: 34 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 12 · EIN 27-2037969 | Sub-transfer agency fees; Recordkeepi... | $26,541 |
SEQUOIA FINANCIAL ADVISORS2 years Filed as: SEQUOIA FINANCIAL ADVISORS, LLC Service code 27 3500 EMBASSY PARKWAY · AKRON, OH 44333 | Advisory (Plan) | $9,429 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,102 | $43,999-38.4% | $79,467-65.9% | $55,725-51.4% |
| Participation rate | 58.9% | 66.9%-8.0pp | 73.3%-14.5pp | 70.9%-12.0pp |
| Annual return | -6.51% | 1.81%-8.3pp | 718.30%-724.8pp | 244.93%-251.4pp |
| Employer contribution / active EE | $1,473 | $1,830-19.5% | $2,800-47.4% | $2,078-29.1% |
| Participant deferral / active EE | $1,996 | $2,538-21.4% | $3,704-46.1% | $3,356-40.5% |
| Admin fee / account holder | $185 | $118+57.4% | $5,104-96.4% | $115+60.6% |