Filed May 3, 2023
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $6,071 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,759 | $70,083-17.6% | $59,899-3.6% | $55,725+3.7% |
| Participation rate | 66.5% | 78.4%-11.8pp | 74.7%-8.1pp | 70.9%-4.3pp |
| Annual return | -3.19% | 3.13%-6.3pp | 3.46%-6.6pp | 244.93%-248.1pp |
| Employer contribution / active EE | $2,092 | $2,878-27.3% | $2,723-23.2% | $2,078+0.6% |
| Participant deferral / active EE | $2,820 | $3,079-8.4% | $3,402-17.1% | $3,356-16.0% |
| Admin fee / account holder | $9 | $70-87.5% | $3,592-99.8% | $115-92.4% |