Filed June 1, 2018 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.6 years Service code 13 · EIN 27-2037969 | Contract Administrator | $23,516 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $5,383 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,859 | $102,661-59.2% | $151,639-72.4% | $66,938-37.5% |
| Participation rate | 89.8% | 85.5%+4.3pp | 87.5%+2.3pp | 69.8%+20.0pp |
| Annual return | -18.25% | -10.81%-7.4pp | 3.34%-21.6pp | 1.58%-19.8pp |
| Employer contribution / active EE | $4,126 | $4,184-1.4% | $6,165-33.1% | $2,545+62.1% |
| Participant deferral / active EE | $2,386 | $6,645-64.1% | $8,363-71.5% | $4,238-43.7% |
| Admin fee / account holder | $115 | $630-81.7% | $11,613-99.0% | $594-80.5% |