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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969 | Recordkeeping | $1,468 |
PAYCHEX, INC.2+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,021 | $46,732-85.0% | $156,551-95.5% | $55,167-87.3% |
| Participation rate | 40.9% | 65.8%-24.9pp | 84.0%-43.1pp | 69.0%-28.1pp |
| Annual return | 14.66% | 17.72%-3.1pp | 32.23%-17.6pp | 169.23%-154.6pp |
| Employer contribution / active EE | $360 | $2,105-82.9% | $5,501-93.5% | $1,963-81.7% |
| Participant deferral / active EE | $531 | $2,204-75.9% | $4,871-89.1% | $3,054-82.6% |
| Admin fee / account holder | $20 | $418-95.1% | $13,028-99.8% | $504-96.0% |