Filed June 1, 2018 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MORGAN STANLEY Service code 27 3500 COLONNADE PARKWAY · BIRMINGHAM, AL 35243 | Advisory (Plan) | $28,795 |
NEWPORT GROUP, INC.7 years Service code 13 · EIN 27-2037969 | Contract Administrator | $25,187 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $5,744 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $43,197 | $100,227-56.9% | $169,993-74.6% | $74,419-42.0% |
| Participation rate | 94.7% | 87.3%+7.4pp | 87.0%+7.7pp | 70.7%+24.0pp |
| Annual return | 18.29% | 66.08%-47.8pp | 53.37%-35.1pp | 34.38%-16.1pp |
| Employer contribution / active EE | $4,330 | $4,263+1.6% | $6,785-36.2% | $2,637+64.2% |
| Participant deferral / active EE | $2,395 | $7,143-66.5% | $10,408-77.0% | $4,528-47.1% |
| Admin fee / account holder | $192 | $234-18.1% | $12,815-98.5% | $348-44.8% |