Filed February 6, 2019
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| Provider | Service type | Compensation |
|---|---|---|
INTEGRITY CAPITAL MANAGEMENT9+ years Service code 26 444 CLINCHFIELD STREET · KINGSPORT, TN 37660 | Advisory (Participants) | $241,818 |
NEWPORT GROUP, INC.9+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $110,642 |
NEWPORT GROUP, INC.7 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $37,023 |
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 | $103,206 | $50,151+105.8% | $149,696-31.1% | $80,157+28.8% |
| Participation rate | 91.8% | 64.3%+27.5pp | 78.8%+13.0pp | 72.9%+18.8pp |
| Annual return | 19.69% | 29.80%-10.1pp | 134.46%-114.8pp | 40.39%-20.7pp |
| Employer contribution / active EE | $4,703 | $1,867+151.9% | $4,821-2.4% | $2,977+58.0% |
| Participant deferral / active EE | $5,093 | $3,194+59.4% | $5,682-10.4% | $5,015+1.5% |
| Admin fee / account holder | $302 | $153+98.1% | $13,212-97.7% | $145+108.6% |