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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3+ years Service code 12 · EIN 27-2037969 | Sub-transfer agency fees; Recordkeepi... | $43,343 |
NEWPORT GROUP, INC.3+ 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 | $179,190 | $75,388+137.7% | $123,552+45.0% | $55,725+221.6% |
| Participation rate | 89.1% | 75.7%+13.5pp | 82.3%+6.8pp | 70.9%+18.3pp |
| Annual return | 4.68% | 4.48%+0.2pp | 119.20%-114.5pp | 244.93%-240.3pp |
| Employer contribution / active EE | $7,947 | $3,063+159.4% | $4,628+71.7% | $2,078+282.4% |
| Participant deferral / active EE | $11,214 | $5,651+98.5% | $6,426+74.5% | $3,356+234.2% |
| Admin fee / account holder | $21 | $120-82.6% | $9,285-99.8% | $115-81.9% |