Filed November 18, 2024 (most recent of 5 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 49 | Other Services | $6,358 |
Service code 49 · EIN 71-0294708 | Other Services | $0 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,380 | $50,919-6.9% | $155,556-69.5% | $77,762-39.1% |
| Participation rate | 51.8% | 63.1%-11.3pp | 78.2%-26.4pp | 70.6%-18.8pp |
| Annual return | 12.87% | 34.84%-22.0pp | 64.84%-52.0pp | 31.27%-18.4pp |
| Employer contribution / active EE | $1,816 | $1,991-8.8% | $4,675-61.2% | $2,728-33.4% |
| Participant deferral / active EE | $2,676 | $2,824-5.3% | $5,631-52.5% | $4,651-42.5% |
| Admin fee / account holder | $36 | $437-91.7% | $15,885-99.8% | $433-91.6% |