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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969 | Recordkeeping fees; Direct payment fr... | $8,098 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $45,712 | $42,546+7.4% | $71,796-36.3% | $55,167-17.1% |
| Participation rate | 33.6% | 59.1%-25.5pp | 69.1%-35.5pp | 69.0%-35.4pp |
| Annual return | 9.18% | 12.36%-3.2pp | 78.04%-68.9pp | 169.23%-160.1pp |
| Employer contribution / active EE | $0 | $803-100.0% | $1,924-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,908 | $2,064-7.6% | $2,794-31.7% | $3,054-37.5% |
| Admin fee / account holder | $40 | $650-93.9% | $4,815-99.2% | $504-92.1% |