Filed March 29, 2008
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT GROUP, INC Service code 15 | Recordkeeping | $58,328 |
NEWPORT GROUP, INC.1+ years Service code 12 · EIN 27-2037969 | Claims processing; Participant loan p... | $34,406 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,646 | $37,044-17.3% | $71,796-57.3% | $57,658-46.8% |
| Participation rate | 60.9% | 61.1%-0.3pp | 69.1%-8.3pp | 70.2%-9.4pp |
| Annual return | 6.65% | 12.64%-6.0pp | 78.04%-71.4pp | 5.13%+1.5pp |
| Employer contribution / active EE | $116 | $720-83.9% | $1,924-94.0% | $1,974-94.1% |
| Participant deferral / active EE | $1,620 | $1,974-18.0% | $2,794-42.0% | $3,061-47.1% |
| Admin fee / account holder | $54 | $101-46.6% | $4,815-98.9% | $95-43.0% |