Filed September 8, 2020
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $65,493 |
NEWPORT GROUP, INC.3+ years Filed as: NEWPORT GROUP SECURITIES, INC. Service code 28 · EIN 59-3099288 | Investment Management | $46,525 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 19 · EIN 27-4411131 | Securities Custodian | $10,237 |
WITHUMSMITH+BROWN, PC3+ years Filed as: MORRISON, BROWN, ARGIZ & FARRA, LLP Service code 10 · EIN 01-0720052 | Accounting | $5,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $51,603 | $46,966+9.9% | $185,117-72.1% | $69,631-25.9% |
| Participation rate | 95.6% | 65.3%+30.3pp | 77.3%+18.3pp | 70.7%+24.9pp |
| Annual return | 13.79% | 22.36%-8.6pp | 40.50%-26.7pp | 27571.02%-27557.2pp |
| Employer contribution / active EE | $704 | $1,360-48.2% | $4,182-83.2% | $2,032-65.4% |
| Participant deferral / active EE | $2,615 | $3,017-13.3% | $5,045-48.2% | $3,224-18.9% |
| Admin fee / account holder | $311 | $94+231.7% | $8,159-96.2% | $110+181.8% |