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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $3,640 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $12,165 | $55,453-78.1% | $170,435-92.9% | $62,293-80.5% |
| Participation rate | 31.4% | 66.4%-35.0pp | 83.6%-52.2pp | 69.5%-38.2pp |
| Annual return | 20.90% | 21.38%-0.5pp | 205.94%-185.0pp | 28.90%-8.0pp |
| Employer contribution / active EE | $430 | $2,164-80.1% | $5,432-92.1% | $2,042-78.9% |
| Participant deferral / active EE | $638 | $2,303-72.3% | $4,939-87.1% | $3,169-79.9% |
| Admin fee / account holder | $71 | $455-84.4% | $13,881-99.5% | $479-85.2% |