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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131 | Account maintenance fees; Claims proc... | $77,276 |
NEWPORT GROUP, INC.3 years Service code 12 · EIN 27-2037969 | Participant loan processing; Recordke... | $59,483 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $250,917 | $75,388+232.8% | $123,553+103.1% | $55,725+350.3% |
| Participation rate | 96.5% | 75.7%+20.9pp | 82.3%+14.2pp | 70.9%+25.7pp |
| Annual return | -8.33% | 4.48%-12.8pp | 119.21%-127.5pp | 244.93%-253.3pp |
| Employer contribution / active EE | $10,033 | $3,063+227.5% | $4,628+116.8% | $2,078+382.8% |
| Participant deferral / active EE | $9,194 | $5,651+62.7% | $6,426+43.1% | $3,356+174.0% |
| Admin fee / account holder | $833 | $120+595.8% | $9,284-91.0% | $115+623.4% |