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.4 years Service code 15 · EIN 27-2037969 | Recordkeeping | $40,014 |
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $31,447 |
WITHUMSMITH+BROWN, PC3 years Filed as: BROWN EDWARDS CERTIFIED PUBLIC ACC Service code 26 319 MCCLANAHAN ST, SW · ROANOKE, VA 24014 | Advisory (Participants) | $9,950 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $265,512 | $100,801+163.4% | $149,730+77.3% | $73,412+261.7% |
| Participation rate | 97.1% | 77.7%+19.4pp | 82.5%+14.6pp | 72.2%+24.9pp |
| Annual return | 12.17% | 265.34%-253.2pp | 276.70%-264.5pp | 59.30%-47.1pp |
| Employer contribution / active EE | $6,564 | $3,312+98.2% | $4,645+41.3% | $2,234+193.9% |
| Participant deferral / active EE | $11,359 | $6,404+77.4% | $6,843+66.0% | $3,806+198.5% |
| Admin fee / account holder | $177 | $181-2.3% | $9,310-98.1% | $158+11.8% |