Filed October 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
USI CONSULTING GROUP1 year Filed as: USI ADVISORS, INC. Service code 26 95 GLASTONBURY BLVD. · GLASTONBURY, CT 06033 | Advisory (Participants) | $19,488 |
NEWPORT GROUP, INC.7 years Service code 15 · EIN 27-2037969 | Recordkeeping | $15,221 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,380 | $37,463+31.8% | $77,096-36.0% | $66,938-26.2% |
| Participation rate | 26.6% | 52.9%-26.3pp | 67.9%-41.3pp | 69.8%-43.2pp |
| Annual return | -15.56% | -3.25%-12.3pp | 42.35%-57.9pp | 1.58%-17.1pp |
| Employer contribution / active EE | $742 | $1,535-51.7% | $2,814-73.6% | $2,545-70.9% |
| Participant deferral / active EE | $1,432 | $2,621-45.4% | $4,429-67.7% | $4,238-66.2% |
| Admin fee / account holder | $347 | $568-38.9% | $5,428-93.6% | $594-41.5% |