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.1 year Filed as: NEWPORT GROUP, INC Service code 15 · EIN 27-2037969 | Recordkeeping | $105,917 |
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT, INC. Service code 28 · EIN 33-0905143 | Investment Management | $42,891 |
WITHUMSMITH+BROWN, PC1 year Filed as: MORRISON, BROWN ARGIZ & FARRA, LLC Service code 10 · EIN 01-0720052 | Accounting | $11,500 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $10,607 |
NEWPORT GROUP, INC.5 years Filed as: NEWPORT TRUST COMPANY Service code 19 · EIN 42-1558009 | Securities Custodian | $10,257 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,419 | $56,152+23.6% | $185,823-62.6% | $73,409-5.4% |
| Participation rate | 86.8% | 67.6%+19.3pp | 78.0%+8.8pp | 72.2%+14.6pp |
| Annual return | 12.14% | 17.59%-5.4pp | 35.95%-23.8pp | 59.29%-47.2pp |
| Employer contribution / active EE | $809 | $1,532-47.2% | $4,087-80.2% | $2,234-63.8% |
| Participant deferral / active EE | $3,149 | $3,659-13.9% | $5,632-44.1% | $3,805-17.2% |
| Admin fee / account holder | $370 | $132+180.3% | $9,500-96.1% | $158+134.4% |