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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2+ years Service code 12 · EIN 27-2037969 | Claims processing; Recordkeeping fees... | $40,374 |
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT TRUST COMPANY Service code 16 · EIN 27-4411131 | Consulting | $0 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $172,869 | $155,795+11.0% | $136,298+26.8% | $69,631+148.3% |
| Participation rate | 86.5% | 75.2%+11.3pp | 81.9%+4.6pp | 70.7%+15.9pp |
| Annual return | 17.34% | 232464.33%-232447.0pp | 5156.27%-5138.9pp | 27571.02%-27553.7pp |
| Employer contribution / active EE | $6,230 | $2,991+108.3% | $4,696+32.7% | $2,032+206.6% |
| Participant deferral / active EE | $9,946 | $5,394+84.4% | $6,247+59.2% | $3,224+208.5% |
| Admin fee / account holder | $25 | $128-80.2% | $9,244-99.7% | $110-77.0% |