Filed December 29, 2020
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| Provider | Service type | Compensation |
|---|---|---|
LAMCO ADVISORY SERVICES3+ years Filed as: LAMCO ADVISORY SERVICES, INC. Service code 26 · EIN 05-0462357 | Advisory (Participants) | $33,010 |
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969 | Claims processing; Direct payment fro... | $30,504 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131 | Custodial (securities); Account maint... | $8,994 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $121,151 | $51,466+135.4% | $78,778+53.8% | $62,293+94.5% |
| Participation rate | 91.2% | 59.8%+31.4pp | 69.2%+22.0pp | 69.5%+21.6pp |
| Annual return | 17.48% | 19.96%-2.5pp | 35.62%-18.1pp | 28.90%-11.4pp |
| Employer contribution / active EE | $2,866 | $827+246.4% | $1,986+44.3% | $2,042+40.3% |
| Participant deferral / active EE | $5,148 | $2,147+139.7% | $2,958+74.0% | $3,169+62.4% |
| Admin fee / account holder | $476 | $489-2.7% | $5,134-90.7% | $479-0.7% |