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| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 39-1859759 | Advisory (Participants) | $18,500 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-2037969 | Claims processing; Sub-transfer agenc... | $15,972 |
NEWPORT GROUP, INC.1 year Service code 15 | Recordkeeping | $729 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,366 | $60,165+23.6% | $74,184+0.2% | $55,167+34.8% |
| Participation rate | 85.2% | 74.2%+11.1pp | 76.6%+8.6pp | 69.0%+16.3pp |
| Annual return | 12.96% | 10.00%+3.0pp | 17.74%-4.8pp | 169.23%-156.3pp |
| Employer contribution / active EE | $871 | $1,600-45.5% | $2,370-63.2% | $1,963-55.6% |
| Participant deferral / active EE | $3,164 | $2,973+6.5% | $3,550-10.9% | $3,054+3.6% |
| Admin fee / account holder | $276 | $419-34.1% | $5,586-95.1% | $504-45.2% |