Filed October 7, 2025
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $2,584 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $13,249 | $36,916-64.1% | $156,551-91.5% | $57,658-77.0% |
| Participation rate | 17.3% | 63.4%-46.2pp | 84.0%-66.8pp | 70.2%-53.0pp |
| Annual return | 13.83% | 12.38%+1.5pp | 32.23%-18.4pp | 5.13%+8.7pp |
| Employer contribution / active EE | $0 | $1,571-100.0% | $5,501-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $1,130 | $1,926-41.3% | $4,871-76.8% | $3,061-63.1% |
| Admin fee / account holder | $48 | $82-42.0% | $13,028-99.6% | $95-49.4% |