Filed July 12, 2006 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969 | Contract Administrator | $127,809 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $8,605 | $43,466-80.2% | $90,974-90.5% | $90,274-90.5% |
| Participation rate | 74.1% | 62.5%+11.7pp | 69.0%+5.1pp | 73.4%+0.8pp |
| Annual return | 16.28% | 25.26%-9.0pp | 134.60%-118.3pp | 53.97%-37.7pp |
| Employer contribution / active EE | $0 | $840-100.0% | $2,122-100.0% | $2,523-100.0% |
| Participant deferral / active EE | $678 | $2,138-68.3% | $3,373-79.9% | $4,231-84.0% |
| Admin fee / account holder | $39 | $92-57.3% | $5,961-99.3% | $114-65.6% |