Filed October 30, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES Service code 12 · EIN 62-1868111 | Recordkeeping and information managem... | $22,491 |
Service code 28 · EIN 56-2274965 | Investment Management | $11,449 |
BERNARD ROBINSON & COMPANY, LLP1+ years Filed as: BERNARD ROBINSON & COMPANY LLC Service code 10 · EIN 56-0571159 | Accounting | $10,000 |
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $80 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $95,595 | $50,464+89.4% | $75,784+26.1% | $52,331+82.7% |
| Participation rate | 67.6% | 66.8%+0.9pp | 75.8%-8.2pp | 68.1%-0.5pp |
| Annual return | 1.19% | 1.03%+0.2pp | 9.68%-8.5pp | 4.54%-3.4pp |
| Employer contribution / active EE | $1,494 | $1,988-24.8% | $3,323-55.0% | $1,882-20.6% |
| Participant deferral / active EE | $3,601 | $2,570+40.1% | $3,652-1.4% | $3,022+19.1% |
| Admin fee / account holder | $483 | $1,103-56.2% | $5,300-90.9% | $592-18.4% |