Filed September 18, 2020
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 |
|---|---|---|
Service code 26 29 SAWYER RD · WALTHAM, MA 02453 | Advisory (Participants) | $22,117 |
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969 | Claims processing; Recordkeeping and ... | $12,201 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP CONSULTING, LLC Service code 26 300 PRIMERA BLVD · LAKE MARY, FL 32746 | Advisory (Participants) | $7,947 |
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 | $69,920 | $62,603+11.7% | $104,294-33.0% | $66,914+4.5% |
| Participation rate | 84.8% | 59.6%+25.2pp | 73.3%+11.6pp | 69.8%+15.0pp |
| Annual return | -18.04% | -14.70%-3.3pp | 24.61%-42.6pp | 1.58%-19.6pp |
| Employer contribution / active EE | $2,091 | $1,972+6.1% | $3,372-38.0% | $2,544-17.8% |
| Participant deferral / active EE | $4,959 | $2,853+73.8% | $4,625+7.2% | $4,237+17.0% |
| Admin fee / account holder | $374 | $656-43.0% | $7,339-94.9% | $593-37.0% |