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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $27,579 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $82,161 | $66,302+23.9% | $110,238-25.5% | $56,287+46.0% |
| Participation rate | 53.3% | 74.9%-21.6pp | 79.8%-26.5pp | 69.9%-16.5pp |
| Annual return | -8.42% | -1.18%-7.2pp | 314.74%-323.2pp | -9.96%+1.5pp |
| Employer contribution / active EE | $1,174 | $2,047-42.7% | $3,826-69.3% | $2,111-44.4% |
| Participant deferral / active EE | $2,689 | $3,381-20.5% | $4,672-42.4% | $3,350-19.7% |
| Admin fee / account holder | $474 | $698-32.2% | $8,547-94.5% | $521-9.0% |