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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969 | Contract Administrator | $12,047 |
Filed as: MERRILL LYNCH Service code 26 221 MCKINNEY ST · HOUSTON, TX 77010 | Advisory (Participants) | $11,991 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $54,889 | $59,804-8.2% | $81,982-33.0% | $79,856-31.3% |
| Participation rate | 86.7% | 61.6%+25.1pp | 69.3%+17.5pp | 69.6%+17.1pp |
| Annual return | 13.95% | 17.56%-3.6pp | 41.31%-27.4pp | 31.71%-17.8pp |
| Employer contribution / active EE | $0 | $1,713-100.0% | $2,498-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $3,769 | $2,695+39.8% | $3,722+1.3% | $3,741+0.8% |
| Admin fee / account holder | $196 | $4,288-95.4% | $5,665-96.5% | $5,306-96.3% |