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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $17,018 |
COMMONWEALTH FINANCIAL NETWORK4+ years Filed as: COMMONWEALTH FIN NETWORK Service code 26 29 SAWYER ROAD · WALTHAM, MA 02453 | Advisory (Participants) | $8,640 |
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.
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 | $9,168 | $48,576-81.1% | $169,452-94.6% | $56,287-83.7% |
| Participation rate | 59.0% | 65.8%-6.8pp | 77.8%-18.8pp | 69.9%-10.9pp |
| Annual return | -7.13% | -2.51%-4.6pp | 1.83%-9.0pp | -9.96%+2.8pp |
| Employer contribution / active EE | $205 | $1,559-86.8% | $4,157-95.1% | $2,111-90.3% |
| Participant deferral / active EE | $1,289 | $3,275-60.6% | $5,277-75.6% | $3,350-61.5% |
| Admin fee / account holder | $127 | $435-70.8% | $9,110-98.6% | $521-75.6% |