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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $13,506 |
Service code 26 1411 SECOND LOOP RD · FLORENCE, SC 29505 | Advisory (Participants) | $8,080 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,753 | $55,122-89.6% | $104,625-94.5% | $73,493-92.2% |
| Participation rate | 58.3% | 67.7%-9.4pp | 74.1%-15.7pp | 70.7%-12.3pp |
| Annual return | 16.22% | 24.77%-8.6pp | 340.60%-324.4pp | 28.51%-12.3pp |
| Employer contribution / active EE | $688 | $1,464-53.0% | $2,681-74.3% | $2,270-69.7% |
| Participant deferral / active EE | $1,436 | $2,919-50.8% | $3,738-61.6% | $3,740-61.6% |
| Admin fee / account holder | $113 | $423-73.3% | $6,465-98.3% | $513-78.0% |