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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $15,495 |
COMMONWEALTH FINANCIAL NETWORK3+ years Filed as: COMMONWEALTH FIN NETWORK Service code 26 29 SAWYER ROAD · WALTHAM, MA 02453 | Advisory (Participants) | $10,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
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 | $10,991 | $52,639-79.1% | $185,117-94.1% | $62,293-82.4% |
| Participation rate | 61.6% | 63.9%-2.2pp | 77.3%-15.6pp | 69.5%-7.9pp |
| Annual return | 27.10% | 19.57%+7.5pp | 40.50%-13.4pp | 28.90%-1.8pp |
| Employer contribution / active EE | $185 | $1,483-87.5% | $4,182-95.6% | $2,042-90.9% |
| Participant deferral / active EE | $1,214 | $3,097-60.8% | $5,045-75.9% | $3,169-61.7% |
| Admin fee / account holder | $126 | $374-66.2% | $8,159-98.5% | $479-73.7% |