Filed May 3, 2023
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 13 · EIN 27-2037969 | Contract Administrator | $7,905 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,756 | $84,948-10.8% | $70,449+7.5% | $73,409+3.2% |
| Participation rate | 66.8% | 79.9%-13.2pp | 75.1%-8.3pp | 72.2%-5.4pp |
| Annual return | 15.53% | 13.39%+2.1pp | 109.03%-93.5pp | 59.29%-43.8pp |
| Employer contribution / active EE | $2,174 | $2,834-23.3% | $2,737-20.6% | $2,234-2.7% |
| Participant deferral / active EE | $3,078 | $3,387-9.1% | $3,709-17.0% | $3,805-19.1% |
| Admin fee / account holder | $10 | $98-89.4% | $3,845-99.7% | $158-93.4% |