Filed November 24, 2020
Total covered: 5 employees
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.6+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $53,595 |
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 | $43,405 | $52,670-17.6% | $90,404-52.0% | $73,409-40.9% |
| Participation rate | 63.6% | 67.7%-4.1pp | 72.7%-9.1pp | 72.2%-8.6pp |
| Annual return | 16.03% | 20.70%-4.7pp | 1293.02%-1277.0pp | 59.29%-43.3pp |
| Employer contribution / active EE | $619 | $1,872-66.9% | $3,262-81.0% | $2,234-72.3% |
| Participant deferral / active EE | $1,970 | $2,807-29.8% | $3,963-50.3% | $3,805-48.2% |
| Admin fee / account holder | $113 | $117-3.2% | $5,611-98.0% | $158-28.4% |