Filed April 4, 2018
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| Provider | Service type | Compensation |
|---|---|---|
BHK INVESTMENT ADVISORS, LLC2+ years Service code 27 200 LAKE SHORE DR., STE. 250 · BIRMINGHAM, AL 35209 | Advisory (Plan) | $69,998 |
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT GROUP SECURITIES, INC. Service code 27 · EIN 59-3099288 | Advisory (Plan) | $69,998 |
NEWPORT GROUP, INC.1 year Service code 15 | Recordkeeping | $27,422 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131 | Custodial (securities); Claims proces... | $9,451 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP, INC Service code 12 · EIN 27-2037969 | Custodial (securities); Recordkeeping... | $6,288 |
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.
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 | $100,692 | $107,378-6.2% | $108,582-7.3% | $57,658+74.6% |
| Participation rate | 75.9% | 77.1%-1.2pp | 79.6%-3.7pp | 70.2%+5.6pp |
| Annual return | 5.52% | 12.80%-7.3pp | -51.70%+57.2pp | 5.13%+0.4pp |
| Employer contribution / active EE | $1,757 | $1,782-1.4% | $3,758-53.3% | $1,974-11.0% |
| Participant deferral / active EE | $2,812 | $3,221-12.7% | $4,311-34.8% | $3,061-8.1% |
| Admin fee / account holder | $513 | $108+373.1% | $7,645-93.3% | $95+443.0% |