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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $58,953 |
Filed as: MERRILL LYNCH Service code 26 221 MCKINNEY ST · HOUSTON, TX 77010 | Advisory (Participants) | $6,595 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,038 | $55,684+6.0% | $75,900-22.2% | $72,976-19.1% |
| Participation rate | 87.8% | 61.1%+26.6pp | 69.3%+18.5pp | 69.5%+18.3pp |
| Annual return | 20.10% | 27.60%-7.5pp | 30.73%-10.6pp | 81.02%-60.9pp |
| Employer contribution / active EE | $683 | $1,687-59.5% | $2,501-72.7% | $2,440-72.0% |
| Participant deferral / active EE | $4,048 | $2,634+53.7% | $3,604+12.3% | $3,608+12.2% |
| Admin fee / account holder | $549 | $3,981-86.2% | $5,421-89.9% | $5,124-89.3% |