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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2+ years Filed as: THE NEWPORT GROUP Service code 26 · EIN 59-2386168 | Advisory (Participants) | $34,226 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$18,872 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $42,565 | $79,480-46.4% | $108,582-60.8% | $329,111-87.1% |
| Participation rate | 37.7% | 72.0%-34.3pp | 79.6%-41.9pp | 67.9%-30.2pp |
| Annual return | 8.26% | 18.07%-9.8pp | -51.70%+60.0pp | 16.35%-8.1pp |
| Employer contribution / active EE | $443 | $2,317-80.9% | $3,758-88.2% | $2,303-80.7% |
| Participant deferral / active EE | $1,433 | $3,243-55.8% | $4,311-66.8% | $3,682-61.1% |
| Admin fee / account holder | $1 | $68-98.1% | $7,645-100.0% | $754-99.8% |