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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.5 years Service code 13 · EIN 27-2037969 | Contract Administrator | $88,747 |
Filed as: MITCHELL, MCLEOD, PUGH & WILLIAMS, Service code 26 · EIN 20-3706574 | Advisory (Participants) | $34,876 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131 | Trustee (individual); Trustee (bank, ... | $16,871 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $158,093 | $52,293+202.3% | $178,499-11.4% | $73,412+115.3% |
| Participation rate | 92.0% | 65.3%+26.7pp | 81.9%+10.1pp | 72.2%+19.8pp |
| Annual return | 23.12% | 34.75%-11.6pp | 151.10%-128.0pp | 59.30%-36.2pp |
| Employer contribution / active EE | $5,255 | $1,735+202.8% | $5,011+4.9% | $2,234+135.2% |
| Participant deferral / active EE | $2,925 | $2,332+25.4% | $5,202-43.8% | $3,806-23.1% |
| Admin fee / account holder | $368 | $127+188.8% | $13,986-97.4% | $158+132.9% |