Filed October 16, 2018 (most recent of 2 filings on file)
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
HAGAN NEWKIRK FINANCIAL SERVICES2+ years Filed as: HAGAN NEWKIRK Service code 27 6325 RANCH DR. · LITTLE ROCK, AR 72223 | Advisory (Plan) | $15,832 |
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969 | Recordkeeping | $12,813 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $44,714 | $74,089-39.6% | $133,975-66.6% | $55,167-18.9% |
| Participation rate | 69.2% | 84.3%-15.1pp | 87.1%-17.9pp | 69.0%+0.2pp |
| Annual return | 8.68% | 12.11%-3.4pp | 29.29%-20.6pp | 169.23%-160.6pp |
| Employer contribution / active EE | $906 | $3,064-70.4% | $5,211-82.6% | $1,963-53.8% |
| Participant deferral / active EE | $2,458 | $4,678-47.5% | $6,282-60.9% | $3,054-19.5% |
| Admin fee / account holder | $256 | $458-44.2% | $9,324-97.3% | $504-49.2% |