Filed November 24, 2020
Total covered: 5 employees
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| 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).
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 | $43,405 | $52,722-17.7% | $90,440-52.0% | $73,412-40.9% |
| Participation rate | 63.6% | 67.7%-4.2pp | 72.7%-9.1pp | 72.2%-8.6pp |
| Annual return | 16.03% | 20.70%-4.7pp | 1294.38%-1278.4pp | 59.30%-43.3pp |
| Employer contribution / active EE | $619 | $1,872-66.9% | $3,263-81.0% | $2,234-72.3% |
| Participant deferral / active EE | $1,970 | $2,810-29.9% | $3,964-50.3% | $3,806-48.2% |
| Admin fee / account holder | $113 | $117-3.2% | $5,615-98.0% | $158-28.4% |