Filed November 24, 2020
Total covered: 5 employees
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.8+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $49,758 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131 | Trustee (bank, trust company, or simi... | $7,906 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,458 | $47,722+12.0% | $82,719-35.4% | $64,808-17.5% |
| Participation rate | 54.6% | 67.6%-13.0pp | 72.6%-17.9pp | 71.5%-16.8pp |
| Annual return | -14.96% | -13.05%-1.9pp | 701.18%-716.1pp | 32.82%-47.8pp |
| Employer contribution / active EE | $573 | $2,179-73.7% | $3,009-80.9% | $2,506-77.1% |
| Participant deferral / active EE | $2,165 | $3,329-35.0% | $4,395-50.7% | $4,310-49.8% |
| Admin fee / account holder | $162 | $143+13.6% | $5,329-97.0% | $188-13.5% |