Filed September 8, 2020
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $63,596 |
WITHUMSMITH+BROWN, PC4+ years Filed as: MORRISON, BROWN, ARGIZ & FARRA, LLP Service code 10 · EIN 01-0720052 | Accounting | $37,203 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 19 · EIN 27-4411131 | Securities Custodian | $15,431 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $50,832 | $42,810+18.7% | $169,463-70.0% | $55,725-8.8% |
| Participation rate | 97.3% | 64.7%+32.6pp | 77.8%+19.6pp | 70.9%+26.5pp |
| Annual return | -4.76% | -3.61%-1.1pp | 1.83%-6.6pp | 244.93%-249.7pp |
| Employer contribution / active EE | $818 | $1,402-41.6% | $4,159-80.3% | $2,078-60.6% |
| Participant deferral / active EE | $3,168 | $3,141+0.8% | $5,277-40.0% | $3,356-5.6% |
| Admin fee / account holder | $317 | $106+197.4% | $9,109-96.5% | $115+175.0% |