Filed May 15, 2024
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT GROUP Service code 15 · EIN 27-2037969 | Recordkeeping | $5,175 |
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,459 | $89,739-62.7% | $149,721-77.7% | $62,293-46.3% |
| Participation rate | 98.8% | 85.1%+13.7pp | 87.1%+11.8pp | 69.5%+29.3pp |
| Annual return | 3.34% | 21.01%-17.7pp | 1501.67%-1498.3pp | 28.90%-25.6pp |
| Employer contribution / active EE | $3,445 | $3,233+6.6% | $5,444-36.7% | $2,042+68.7% |
| Participant deferral / active EE | $0 | $4,797-100.0% | $6,568-100.0% | $3,169-100.0% |
| Admin fee / account holder | $53 | $551-90.4% | $11,282-99.5% | $479-88.9% |