Filed June 15, 2006
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 13 · EIN 27-2037969 | Contract Administrator | $74,582 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,048 | $86,655-23.8% | $119,609-44.8% | $66,914-1.3% |
| Participation rate | 98.1% | 75.6%+22.5pp | 79.3%+18.9pp | 69.8%+28.3pp |
| Annual return | -20.30% | -8.00%-12.3pp | -14.97%-5.3pp | 1.58%-21.9pp |
| Employer contribution / active EE | $2,146 | $2,536-15.4% | $4,232-49.3% | $2,544-15.7% |
| Participant deferral / active EE | $2,671 | $4,358-38.7% | $5,602-52.3% | $4,237-37.0% |
| Admin fee / account holder | $362 | $755-52.0% | $10,323-96.5% | $593-39.0% |