Filed October 2, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
DANA INVESTMENT ADVISORS4+ years Filed as: DANA INVESTMENTS Service code 27 · EIN 39-1512278 | Advisory (Plan) | $58,685 |
NEWPORT GROUP, INC.3 years Service code 12 · EIN 27-2037969 | Recordkeeping and information managem... | $48,297 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131 | Claims processing; Trustee (bank, tru... | $19,847 |
BAKER TILLY US, LLP4+ years Filed as: BAKER TILLY VIRCHOW KRUASE, LLP Service code 10 · EIN 39-0859910 | Accounting | $14,700 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $143,226 | $59,186+142.0% | $76,766+86.6% | $56,287+154.5% |
| Participation rate | 90.2% | 75.2%+15.0pp | 77.0%+13.3pp | 69.9%+20.4pp |
| Annual return | -5.24% | 6.62%-11.9pp | 2.43%-7.7pp | -9.96%+4.7pp |
| Employer contribution / active EE | $985 | $1,759-44.0% | $2,485-60.4% | $2,111-53.3% |
| Participant deferral / active EE | $3,301 | $3,255+1.4% | $3,851-14.3% | $3,350-1.5% |
| Admin fee / account holder | $384 | $489-21.5% | $6,675-94.2% | $521-26.3% |