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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,859 | $102,553-59.2% | $151,611-72.4% | $66,914-37.4% |
| Participation rate | 89.8% | 85.5%+4.3pp | 87.5%+2.3pp | 69.8%+20.0pp |
| Annual return | -18.25% | -10.82%-7.4pp | 3.33%-21.6pp | 1.58%-19.8pp |
| Employer contribution / active EE | $4,126 | $4,180-1.3% | $6,166-33.1% | $2,544+62.2% |
| Participant deferral / active EE | $2,386 | $6,641-64.1% | $8,363-71.5% | $4,237-43.7% |
| Admin fee / account holder | $115 | $630-81.7% | $11,616-99.0% | $593-80.5% |