Filed November 6, 2020 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969 | Recordkeeping | $180,708 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $47,092 |
NEWPORT GROUP, INC.8 years Filed as: NEWPORT GROUP CONSULTING, LLC Service code 26 · EIN 27-3169253 | Advisory (Participants) | $38,700 |
PAYNE MOORE & HERRINGTON LLP6 years Service code 10 · EIN 72-0475011 | Accounting | $18,000 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $174,930 | $112,623+55.3% | $106,213+64.7% | $199,593-12.4% |
| Participation rate | 99.8% | 86.2%+13.5pp | 75.3%+24.5pp | 72.0%+27.8pp |
| Annual return | 15.10% | 15.57%-0.5pp | 116.14%-101.0pp | 34.25%-19.1pp |
| Employer contribution / active EE | $9,420 | $4,575+105.9% | $3,171+197.0% | $3,034+210.5% |
| Participant deferral / active EE | $6,383 | $6,659-4.1% | $5,016+27.3% | $5,087+25.5% |
| Admin fee / account holder | $185 | $107+73.1% | $11,033-98.3% | $269-31.1% |