Filed April 4, 2018
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| Provider | Service type | Compensation |
|---|---|---|
BHK INVESTMENT ADVISORS, LLC3+ years Service code 27 200 LAKE SHORE DR., STE. 250 · BIRMINGHAM, AL 35209 | Advisory (Plan) | $75,694 |
NEWPORT GROUP, INC.3+ years Filed as: NEWPORT GROUP SECURITIES, INC. Service code 27 · EIN 59-3099288 | Advisory (Plan) | $65,752 |
NEWPORT GROUP, INC.2 years Service code 15 | Recordkeeping | $26,062 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131 | Account maintenance fees; Shareholder... | $10,216 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP, INC Service code 12 · EIN 27-2037969 | Recordkeeping fees; Sub-transfer agen... | $2,884 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $122,840 | $71,666+71.4% | $117,861+4.2% | $69,631+76.4% |
| Participation rate | 73.5% | 77.5%-4.0pp | 79.7%-6.1pp | 70.7%+2.8pp |
| Annual return | 19.35% | 18.86%+0.5pp | 335.11%-315.8pp | 27571.02%-27551.7pp |
| Employer contribution / active EE | $1,719 | $1,889-9.0% | $3,786-54.6% | $2,032-15.4% |
| Participant deferral / active EE | $2,776 | $3,340-16.9% | $4,482-38.1% | $3,224-13.9% |
| Admin fee / account holder | $527 | $120+337.8% | $8,021-93.4% | $110+377.0% |