Filed November 10, 2017
Total covered: 136 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969 | Recordkeeping | $66,822 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131 | Trustee (individual); Trustee (bank, ... | $24,460 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
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Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $98,734 | $111,491-11.4% | $189,534-47.9% | $86,828+13.7% |
| Participation rate | 94.1% | 87.3%+6.8pp | 87.8%+6.3pp | 72.3%+21.8pp |
| Annual return | 27.11% | 83.50%-56.4pp | 555.39%-528.3pp | 97.95%-70.8pp |
| Employer contribution / active EE | $4,125 | $3,951+4.4% | $6,162-33.1% | $2,406+71.5% |
| Participant deferral / active EE | $10,000 | $6,437+55.4% | $8,220+21.7% | $4,132+142.0% |
| Admin fee / account holder | $91 | $189-51.6% | $12,049-99.2% | $170-46.2% |