Filed February 6, 2019
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| Provider | Service type | Compensation |
|---|---|---|
INTEGRITY CAPITAL MANAGEMENT8+ years Service code 26 444 CLINCHFIELD STREET · KINGSPORT, TN 37660 | Advisory (Participants) | $236,154 |
NEWPORT GROUP, INC.6 years Filed as: NEWPORT GROUP, INC Service code 15 · EIN 27-2037969 | Recordkeeping | $120,161 |
NEWPORT GROUP, INC.6 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $34,712 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $85,874 | $45,000+90.8% | $143,797-40.3% | $77,906+10.2% |
| Participation rate | 92.4% | 66.8%+25.6pp | 80.3%+12.1pp | 73.7%+18.7pp |
| Annual return | -15.21% | 29.03%-44.2pp | -0.04%-15.2pp | 12.16%-27.4pp |
| Employer contribution / active EE | $4,670 | $1,870+149.8% | $4,952-5.7% | $2,846+64.1% |
| Participant deferral / active EE | $4,661 | $3,157+47.7% | $5,638-17.3% | $4,805-3.0% |
| Admin fee / account holder | $323 | $98+228.1% | $14,679-97.8% | $133+143.6% |