Filed November 24, 2020
Total covered: 5 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.10+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $35,738 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $8,944 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,015 | $66,009-1.5% | $81,780-20.5% | $77,692-16.3% |
| Participation rate | 53.3% | 65.8%-12.5pp | 72.4%-19.0pp | 70.6%-17.2pp |
| Annual return | 14.15% | 26.66%-12.5pp | 776.27%-762.1pp | 31.25%-17.1pp |
| Employer contribution / active EE | $640 | $2,374-73.0% | $2,914-78.0% | $2,726-76.5% |
| Participant deferral / active EE | $2,296 | $3,510-34.6% | $4,321-46.9% | $4,648-50.6% |
| Admin fee / account holder | $126 | $527-76.1% | $7,384-98.3% | $431-70.7% |