Filed October 22, 2020
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| Provider | Service type | Compensation |
|---|---|---|
USI CONSULTING GROUP2 years Filed as: USI ADVISORS, INC. Service code 26 95 GLASTONBURY BLVD. · GLASTONBURY, CT 06033 | Advisory (Participants) | $20,911 |
NEWPORT GROUP, INC.8 years Service code 15 · EIN 27-2037969 | Recordkeeping | $16,407 |
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.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,371 | $40,435+61.7% | $80,627-18.9% | $74,460-12.2% |
| Participation rate | 23.1% | 47.4%-24.2pp | 67.0%-43.9pp | 70.7%-47.6pp |
| Annual return | 15.41% | 165.19%-149.8pp | 936.76%-921.4pp | 34.38%-19.0pp |
| Employer contribution / active EE | $718 | $1,498-52.0% | $2,723-73.6% | $2,638-72.8% |
| Participant deferral / active EE | $1,333 | $2,673-50.1% | $4,443-70.0% | $4,530-70.6% |
| Admin fee / account holder | $406 | $721-43.7% | $5,381-92.5% | $348+16.6% |