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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,380 | $50,815-6.8% | $155,509-69.5% | $77,643-39.0% |
| Participation rate | 51.8% | 63.1%-11.3pp | 78.2%-26.4pp | 70.6%-18.8pp |
| Annual return | 12.87% | 34.80%-21.9pp | 64.67%-51.8pp | 31.24%-18.4pp |
| Employer contribution / active EE | $1,816 | $1,993-8.9% | $4,672-61.1% | $2,726-33.4% |
| Participant deferral / active EE | $2,676 | $2,822-5.2% | $5,626-52.4% | $4,647-42.4% |
| Admin fee / account holder | $36 | $437-91.7% | $15,912-99.8% | $430-91.5% |