Filed November 24, 2020
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.9+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $37,550 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,246 | $52,188+17.4% | $86,640-29.3% | $74,460-17.7% |
| Participation rate | 56.0% | 66.3%-10.3pp | 71.7%-15.7pp | 70.7%-14.8pp |
| Annual return | 14.66% | 44.46%-29.8pp | 592.52%-577.9pp | 34.38%-19.7pp |
| Employer contribution / active EE | $629 | $2,282-72.4% | $3,024-79.2% | $2,638-76.2% |
| Participant deferral / active EE | $2,356 | $3,383-30.3% | $4,438-46.9% | $4,530-48.0% |
| Admin fee / account holder | $112 | $319-64.7% | $5,616-98.0% | $348-67.7% |