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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.7 years Service code 12 · EIN 27-2037969 | Recordkeeping fees; Recordkeeping and... | $34,919 |
Filed as: MERRILL LYNCH Service code 28 250 MONROE AVENUE NW · GRAND RAPIDS, MI 49503 | Investment Management | $11,617 |
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 | $19,389 | $59,105-67.2% | $159,991-87.9% | $66,930-71.0% |
| Participation rate | 91.5% | 68.1%+23.4pp | 78.0%+13.5pp | 69.8%+21.7pp |
| Annual return | -19.45% | -12.26%-7.2pp | 408.82%-428.3pp | 1.57%-21.0pp |
| Employer contribution / active EE | $754 | $1,983-62.0% | $4,225-82.1% | $2,545-70.4% |
| Participant deferral / active EE | $3,568 | $4,395-18.8% | $6,183-42.3% | $4,238-15.8% |
| Admin fee / account holder | $192 | $591-67.5% | $8,715-97.8% | $593-67.6% |