Filed November 1, 2019
Total covered: 3 employees
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.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111 | Claims processing; Direct payment fro... | $28,010 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,005 | $41,317-58.8% | $85,969-80.2% | $55,191-69.2% |
| Participation rate | 48.1% | 54.5%-6.4pp | 76.5%-28.4pp | 69.2%-21.1pp |
| Annual return | -2.17% | 3.93%-6.1pp | 9.32%-11.5pp | 10.78%-12.9pp |
| Employer contribution / active EE | $152 | $1,198-87.3% | $3,474-95.6% | $1,899-92.0% |
| Participant deferral / active EE | $774 | $1,914-59.5% | $3,829-79.8% | $3,046-74.6% |
| Admin fee / account holder | $153 | $97+57.5% | $6,053-97.5% | $91+68.2% |