Filed November 24, 2020
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.5+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $64,947 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,881 | $54,237-30.2% | $90,281-58.0% | $67,579-43.9% |
| Participation rate | 50.5% | 68.6%-18.1pp | 73.3%-22.7pp | 71.3%-20.7pp |
| Annual return | 21.55% | 37.27%-15.7pp | 78.10%-56.5pp | 378.56%-357.0pp |
| Employer contribution / active EE | $491 | $1,846-73.4% | $2,854-82.8% | $2,148-77.1% |
| Participant deferral / active EE | $1,400 | $2,625-46.7% | $3,885-64.0% | $3,539-60.4% |
| Admin fee / account holder | $141 | $123+14.7% | $5,351-97.4% | $142-0.6% |