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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,840 | $41,647-21.1% | $96,171-65.9% | $86,821-62.2% |
| Participation rate | 97.6% | 50.3%+47.3pp | 68.4%+29.2pp | 72.3%+25.3pp |
| Annual return | 14.52% | 27.24%-12.7pp | 192.04%-177.5pp | 97.94%-83.4pp |
| Employer contribution / active EE | $801 | $1,328-39.7% | $2,799-71.4% | $2,406-66.7% |
| Participant deferral / active EE | $4,271 | $2,412+77.0% | $4,350-1.8% | $4,132+3.4% |
| Admin fee / account holder | $60 | $169-64.3% | $5,538-98.9% | $170-64.3% |