Filed June 21, 2023 (most recent of 5 filings on file)
Total covered: 26 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $43,570 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $30,069 |
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN EDWARDS CERTIFIED PUBLIC ACC Service code 26 319 MCCLANAHAN STREET,SW · ROANOKE, VA 24014 | Advisory (Participants) | $5,000 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $206,573 | $75,388+174.0% | $123,552+67.2% | $55,725+270.7% |
| Participation rate | 96.4% | 75.7%+20.8pp | 82.3%+14.1pp | 70.9%+25.6pp |
| Annual return | -3.91% | 4.48%-8.4pp | 119.20%-123.1pp | 244.93%-248.8pp |
| Employer contribution / active EE | $6,121 | $3,063+99.8% | $4,628+32.3% | $2,078+194.5% |
| Participant deferral / active EE | $10,363 | $5,651+83.4% | $6,426+61.3% | $3,356+208.8% |
| Admin fee / account holder | $176 | $120+47.2% | $9,285-98.1% | $115+53.1% |