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| Provider | Service type | Compensation |
|---|---|---|
JULY BUSINESS SERVICES1 year Filed as: JULY BUSINESS SERVICES, INC Service code 15 · EIN 74-2715820 400 AUSTIN AVENUE, STE. 1200 · WACO, TX 76701 | Recordkeeping | $13,124 |
NEWPORT GROUP, INC.5+ years Service code 15 · EIN 27-2037969 | Recordkeeping | $9,738 |
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.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $25,271 | $49,138-48.6% | $84,021-69.9% | $65,185-61.2% |
| Participation rate | 48.9% | 60.7%-11.8pp | 69.0%-20.1pp | 70.2%-21.3pp |
| Annual return | 18.45% | 23.00%-4.5pp | 71.32%-52.9pp | 29.38%-10.9pp |
| Employer contribution / active EE | $0 | $914-100.0% | $1,984-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $2,079 | $2,397-13.3% | $3,239-35.8% | $3,514-40.8% |
| Admin fee / account holder | $220 | $543-59.5% | $6,102-96.4% | $847-74.1% |