Filed June 29, 2023
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.6 years Service code 13 · EIN 27-2037969 | Contract Administrator | $24,868 |
PNC BANK, N.A.2 years Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT Service code 26 300 FIFTH AVENUE · PITTSBURGH, PA 15222 | Advisory (Participants) | $11,745 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,906 | $79,209-67.3% | $102,434-74.7% | $74,459-65.2% |
| Participation rate | 93.9% | 74.8%+19.1pp | 76.5%+17.4pp | 67.2%+26.7pp |
| Annual return | 11.47% | 54.98%-43.5pp | 29.46%-18.0pp | 1369.70%-1358.2pp |
| Employer contribution / active EE | $1,348 | $2,362-43.0% | $3,023-55.4% | $2,626-48.7% |
| Participant deferral / active EE | $2,603 | $4,417-41.1% | $5,055-48.5% | $4,350-40.2% |
| Admin fee / account holder | $154 | $2,002-92.3% | $9,462-98.4% | $1,945-92.1% |