Filed November 24, 2020
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $44,030 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $33,693 | $38,925-13.4% | $73,836-54.4% | $55,191-39.0% |
| Participation rate | 57.5% | 66.0%-8.6pp | 73.4%-16.0pp | 69.2%-11.7pp |
| Annual return | 0.64% | 6.31%-5.7pp | 2268.06%-2267.4pp | 10.78%-10.1pp |
| Employer contribution / active EE | $358 | $1,695-78.9% | $2,787-87.2% | $1,899-81.2% |
| Participant deferral / active EE | $1,059 | $2,351-55.0% | $3,583-70.4% | $3,046-65.2% |
| Admin fee / account holder | $134 | $83+61.5% | $4,882-97.3% | $91+47.4% |