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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.7 years Service code 15 · EIN 27-2037969 | Recordkeeping | $13,459 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $4,093 | $28,601-85.7% | $71,755-94.3% | $66,938-93.9% |
| Participation rate | 62.2% | 56.7%+5.5pp | 62.3%-0.2pp | 69.8%-7.7pp |
| Annual return | -18.77% | -10.90%-7.9pp | 9.09%-27.9pp | 1.58%-20.4pp |
| Employer contribution / active EE | $404 | $1,104-63.4% | $1,704-76.3% | $2,545-84.1% |
| Participant deferral / active EE | $870 | $1,912-54.5% | $2,656-67.2% | $4,238-79.5% |
| Admin fee / account holder | $59 | $506-88.3% | $3,972-98.5% | $594-90.1% |