Filed May 15, 2024
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 8-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4+ years Filed as: NEWPORT GROUP Service code 15 · EIN 27-2037969 | Recordkeeping | $5,580 |
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 | $32,327 | $136,307-76.3% | $177,827-81.8% | $73,493-56.0% |
| Participation rate | 100.0% | 86.1%+13.9pp | 87.7%+12.3pp | 70.7%+29.3pp |
| Annual return | 2.74% | 18.68%-15.9pp | 48.32%-45.6pp | 28.51%-25.8pp |
| Employer contribution / active EE | $3,689 | $3,712-0.6% | $5,918-37.7% | $2,270+62.5% |
| Participant deferral / active EE | $0 | $5,829-100.0% | $7,713-100.0% | $3,740-100.0% |
| Admin fee / account holder | $43 | $596-92.8% | $12,429-99.7% | $513-91.7% |