Filed September 8, 2020
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 15 · EIN 27-2037969 | Recordkeeping | $106,782 |
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 19 · EIN 42-1558009 | Securities Custodian | $10,286 |
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 | $59,718 | $48,471+23.2% | $182,558-67.3% | $67,582-11.6% |
| Participation rate | 94.3% | 67.2%+27.1pp | 78.0%+16.3pp | 71.3%+23.0pp |
| Annual return | 16.85% | 31.08%-14.2pp | 148.59%-131.7pp | 378.57%-361.7pp |
| Employer contribution / active EE | $775 | $1,461-47.0% | $4,076-81.0% | $2,148-63.9% |
| Participant deferral / active EE | $3,082 | $3,324-7.3% | $5,526-44.2% | $3,539-12.9% |
| Admin fee / account holder | $317 | $151+109.8% | $8,594-96.3% | $142+123.0% |