Filed December 18, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 15 · EIN 27-2037969 | Recordkeeping | $63,539 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $15,559 | $50,150-69.0% | $149,723-89.6% | $80,169-80.6% |
| Participation rate | 97.4% | 64.3%+33.1pp | 78.8%+18.6pp | 72.9%+24.5pp |
| Annual return | 13.65% | 29.80%-16.2pp | 134.50%-120.8pp | 40.39%-26.7pp |
| Employer contribution / active EE | $1,571 | $1,868-15.9% | $4,821-67.4% | $2,978-47.3% |
| Participant deferral / active EE | $2,703 | $3,195-15.4% | $5,682-52.4% | $5,016-46.1% |
| Admin fee / account holder | $38 | $153-74.9% | $13,215-99.7% | $145-73.6% |