Filed December 3, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969 | Recordkeeping | $57,408 |
NEWPORT GROUP, INC.6 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $17,286 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,427 | $106,247-36.5% | $147,096-54.2% | $77,714-13.2% |
| Participation rate | 92.4% | 78.4%+14.0pp | 82.2%+10.2pp | 70.6%+21.8pp |
| Annual return | 13.42% | 56.87%-43.4pp | 419.75%-406.3pp | 31.26%-17.8pp |
| Employer contribution / active EE | $3,833 | $4,069-5.8% | $4,936-22.3% | $2,727+40.6% |
| Participant deferral / active EE | $5,636 | $7,996-29.5% | $8,071-30.2% | $4,649+21.2% |
| Admin fee / account holder | $110 | $338-67.6% | $13,005-99.2% | $433-74.7% |