Filed December 11, 2015
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969 | Recordkeeping | $6,730 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,707 | $122,042-51.9% | $184,243-68.1% | $74,429-21.1% |
| Participation rate | 88.7% | 85.5%+3.2pp | 86.8%+1.9pp | 67.2%+21.5pp |
| Annual return | 17.53% | 19.91%-2.4pp | 28.82%-11.3pp | 1368.38%-1350.9pp |
| Employer contribution / active EE | $2,892 | $4,538-36.3% | $6,427-55.0% | $2,625+10.2% |
| Participant deferral / active EE | $4,956 | $7,143-30.6% | $9,132-45.7% | $4,348+14.0% |
| Admin fee / account holder | $51 | $1,252-95.9% | $13,914-99.6% | $1,944-97.4% |