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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GREGORY J. SCHWARTZ & CO., INC. Service code 27 3707 W MAPLE RD. · BLOOMFIELD HILLS, MI 483013212 | Advisory (Plan) | $31,872 |
NEWPORT GROUP, INC.10+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $19,678 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,863 | $65,246+34.7% | $98,716-11.0% | $67,986+29.2% |
| Participation rate | 73.8% | 51.4%+22.3pp | 69.3%+4.5pp | 57.2%+16.6pp |
| Annual return | 16.73% | 20.58%-3.9pp | 31.81%-15.1pp | 31.67%-14.9pp |
| Employer contribution / active EE | $837 | $1,042-19.7% | $2,279-63.3% | $2,019-58.5% |
| Participant deferral / active EE | $4,706 | $2,594+81.4% | $4,048+16.3% | $3,358+40.1% |
| Admin fee / account holder | $433 | $4,561-90.5% | $8,703-95.0% | $3,203-86.5% |