Filed January 28, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111 | Sub-transfer agency fees; Recordkeepi... | $84,093 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $45,304 |
CHARLES SCHWAB & CO., INC.1+ years Service code 19 · EIN 94-1737782 | Securities Custodian | $1,056 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $43,923 | $37,039+18.6% | $147,618-70.2% | $59,188-25.8% |
| Participation rate | 97.6% | 63.8%+33.8pp | 84.6%+13.0pp | 69.4%+28.2pp |
| Annual return | -1.56% | 7.19%-8.7pp | 61.98%-63.5pp | 5.51%-7.1pp |
| Employer contribution / active EE | $3,119 | $1,353+130.6% | $5,564-43.9% | $2,098+48.7% |
| Participant deferral / active EE | $4,204 | $2,094+100.8% | $4,895-14.1% | $3,265+28.8% |
| Admin fee / account holder | $27 | $60-55.2% | $11,612-99.8% | $92-70.7% |