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.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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,718 | $48,471+23.2% | $182,532-67.3% | $67,579-11.6% |
| Participation rate | 94.3% | 67.2%+27.1pp | 78.0%+16.3pp | 71.3%+23.0pp |
| Annual return | 16.85% | 31.08%-14.2pp | 148.54%-131.7pp | 378.56%-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% | $5,524-44.2% | $3,539-12.9% |
| Admin fee / account holder | $317 | $151+109.8% | $8,592-96.3% | $142+123.0% |