Filed November 29, 2016
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP, INC Service code 12 · EIN 27-2037696 | Participant loan processing; Sub-tran... | $159,350 |
SPECTRUM INVESTMENT ADVISORS4+ years Service code 27 · EIN 39-1828175 | Advisory (Plan) | $62,458 |
NEWPORT GROUP, INC.3 years Service code 15 | Recordkeeping | $23,195 |
RELIANCE TRUST COMPANY4+ years Service code 12 · EIN 58-1428634 | Claims processing; Account maintenanc... | $12,476 |
BDO USA, LLP1 year Service code 10 · EIN 13-5381590 | Accounting | $11,123 |
PNC BANK, N.A.1 year Filed as: PNC FIRSTSIDE CENTER Service code 10 500 FIRST AVENUE · PITTSBURGH, PA 15219 | Accounting | $5,853 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,970 | $45,382-78.0% | $154,107-93.5% | $75,289-86.8% |
| Participation rate | 92.0% | 65.9%+26.1pp | 83.0%+9.0pp | 72.4%+19.6pp |
| Annual return | -5.29% | -0.47%-4.8pp | 735.12%-740.4pp | -0.04%-5.3pp |
| Employer contribution / active EE | $0 | $1,533-100.0% | $5,298-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $1,666 | $2,384-30.1% | $5,081-67.2% | $3,739-55.4% |
| Admin fee / account holder | $132 | $89+47.5% | $13,411-99.0% | $102+28.8% |