Filed November 1, 2019
Total covered: 3 employees
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969 | Recordkeeping | $10,741 |
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.
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 | $39,306 | $62,327-36.9% | $120,354-67.3% | $74,495-47.2% |
| Participation rate | 40.1% | 56.8%-16.7pp | 71.9%-31.8pp | 67.2%-27.1pp |
| Annual return | 13.25% | 18.61%-5.4pp | 107.15%-93.9pp | 1364.94%-1351.7pp |
| Employer contribution / active EE | $108 | $1,843-94.1% | $3,463-96.9% | $2,623-95.9% |
| Participant deferral / active EE | $1,045 | $2,893-63.9% | $4,991-79.1% | $4,346-76.0% |
| Admin fee / account holder | $138 | $2,396-94.3% | $9,423-98.5% | $1,942-92.9% |