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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $2,383 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $12,938 | $47,977-73.0% | $154,114-91.6% | $56,287-77.0% |
| Participation rate | 26.2% | 66.2%-39.9pp | 83.0%-56.8pp | 69.9%-43.6pp |
| Annual return | -3.32% | 3.54%-6.9pp | 735.16%-738.5pp | -9.96%+6.6pp |
| Employer contribution / active EE | $331 | $2,169-84.7% | $5,298-93.7% | $2,111-84.3% |
| Participant deferral / active EE | $551 | $2,392-77.0% | $5,081-89.1% | $3,350-83.5% |
| Admin fee / account holder | $53 | $438-87.9% | $13,411-99.6% | $521-89.8% |