Filed June 1, 2018 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969 | Contract Administrator | $23,036 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $40,145 | $79,523-49.5% | $140,019-71.3% | $56,289-28.7% |
| Participation rate | 95.2% | 85.7%+9.5pp | 87.5%+7.7pp | 69.9%+25.3pp |
| Annual return | -4.55% | 2.39%-6.9pp | 651.17%-655.7pp | -9.96%+5.4pp |
| Employer contribution / active EE | $4,266 | $3,350+27.3% | $5,605-23.9% | $2,111+102.1% |
| Participant deferral / active EE | $2,391 | $5,129-53.4% | $6,927-65.5% | $3,350-28.6% |
| Admin fee / account holder | $133 | $614-78.4% | $10,705-98.8% | $521-74.5% |