Filed November 10, 2017
Total covered: 136 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.7 years Service code 15 · EIN 27-2037969 | Recordkeeping | $91,683 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131 | Trustee (individual); Trustee (direct... | $28,187 |
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 | $70,596 | $95,918-26.4% | $151,634-53.4% | $77,906-9.4% |
| Participation rate | 95.4% | 88.7%+6.7pp | 87.5%+7.9pp | 73.7%+21.7pp |
| Annual return | -10.62% | -5.50%-5.1pp | 3.32%-13.9pp | 12.16%-22.8pp |
| Employer contribution / active EE | $4,504 | $4,330+4.0% | $6,165-26.9% | $2,846+58.2% |
| Participant deferral / active EE | $10,947 | $7,508+45.8% | $8,363+30.9% | $4,805+127.8% |
| Admin fee / account holder | $81 | $93-12.8% | $11,614-99.3% | $133-38.7% |