Filed March 15, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $41,074 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,886 | $39,948-25.2% | $89,391-66.6% | $73,409-59.3% |
| Participation rate | 95.1% | 50.4%+44.7pp | 68.0%+27.1pp | 72.2%+23.0pp |
| Annual return | 16.73% | 50.12%-33.4pp | 245.62%-228.9pp | 59.29%-42.6pp |
| Employer contribution / active EE | $1,009 | $1,200-15.9% | $2,586-61.0% | $2,234-54.8% |
| Participant deferral / active EE | $4,768 | $2,193+117.4% | $3,890+22.6% | $3,805+25.3% |
| Admin fee / account holder | $52 | $134-60.9% | $4,881-98.9% | $158-66.8% |