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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 99 45 SOUTH 7TH ST. · MINNEAPOLIS, MN 55402 | Other Fees | $4,990 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,159 | $65,083-75.2% | $143,788-88.8% | $66,930-75.9% |
| Participation rate | 15.2% | 65.2%-50.1pp | 80.3%-65.2pp | 69.8%-54.7pp |
| Annual return | -15.69% | -11.13%-4.6pp | -0.03%-15.7pp | 1.57%-17.3pp |
| Employer contribution / active EE | $0 | $2,361-100.0% | $4,952-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $1,325 | $2,920-54.6% | $5,638-76.5% | $4,238-68.7% |
| Admin fee / account holder | $62 | $502-87.7% | $14,675-99.6% | $593-89.6% |