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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969 | Recordkeeping | $8,187 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,506 | $71,523-76.9% | $98,461-83.2% | $71,511-76.9% |
| Participation rate | 34.2% | 72.7%-38.5pp | 75.2%-41.0pp | 67.9%-33.8pp |
| Annual return | 16.18% | 32.43%-16.2pp | 21.17%-5.0pp | 28.86%-12.7pp |
| Employer contribution / active EE | $699 | $2,399-70.9% | $3,049-77.1% | $2,589-73.0% |
| Participant deferral / active EE | $1,222 | $4,109-70.2% | $4,738-74.2% | $4,291-71.5% |
| Admin fee / account holder | $109 | $1,676-93.5% | $8,961-98.8% | $1,588-93.1% |