Filed March 15, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $45,889 |
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 | $32,840 | $41,647-21.1% | $96,139-65.8% | $86,799-62.2% |
| Participation rate | 97.6% | 50.2%+47.4pp | 68.4%+29.1pp | 72.3%+25.3pp |
| Annual return | 14.52% | 27.24%-12.7pp | 191.94%-177.4pp | 97.91%-83.4pp |
| Employer contribution / active EE | $801 | $1,318-39.2% | $2,797-71.3% | $2,405-66.7% |
| Participant deferral / active EE | $4,271 | $2,412+77.0% | $4,349-1.8% | $4,131+3.4% |
| Admin fee / account holder | $60 | $169-64.3% | $5,537-98.9% | $170-64.3% |