Filed June 9, 2022
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $5,239 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $16,118 | $31,741-49.2% | $56,025-71.2% | $200,096-91.9% |
| Participation rate | 8.2% | 32.3%-24.1pp | 52.5%-44.3pp | 72.0%-63.8pp |
| Annual return | 11.74% | 14.72%-3.0pp | 1712.69%-1700.9pp | 34.26%-22.5pp |
| Employer contribution / active EE | $231 | $508-54.5% | $1,042-77.8% | $3,038-92.4% |
| Participant deferral / active EE | $284 | $1,184-76.0% | $1,955-85.5% | $5,090-94.4% |
| Admin fee / account holder | $46 | $426-89.1% | $2,828-98.4% | $269-82.8% |