Filed September 18, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 29 SAWYER RD. · WALTHAM, MA 02453 | Advisory (Plan) | $35,660 |
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $5,130 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $99,202 | $62,327+59.2% | $120,354-17.6% | $74,495+33.2% |
| Participation rate | 87.9% | 56.8%+31.1pp | 71.9%+15.9pp | 67.2%+20.7pp |
| Annual return | 16.64% | 18.61%-2.0pp | 107.15%-90.5pp | 1364.94%-1348.3pp |
| Employer contribution / active EE | $2,393 | $1,843+29.8% | $3,463-30.9% | $2,623-8.8% |
| Participant deferral / active EE | $5,429 | $2,893+87.7% | $4,991+8.8% | $4,346+24.9% |
| Admin fee / account holder | $390 | $2,396-83.7% | $9,423-95.9% | $1,942-79.9% |