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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 12 · EIN 27-2037969 | Participant loan processing; Recordke... | $18,036 |
WITHUMSMITH+BROWN, PC5+ years Filed as: BROWN, EDWARDS & COMPANY, LLP Service code 10 · EIN 54-0504608 | Accounting | $12,975 |
WHITLEY PENN LLP5+ years Filed as: WHITLEY PENN, LLC Service code 27 · EIN 75-2393478 | Advisory (Plan) | $8,484 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $30,326 | $50,175-39.6% | $99,475-69.5% | $65,185-53.5% |
| Participation rate | 64.3% | 68.4%-4.1pp | 73.8%-9.5pp | 70.2%-5.9pp |
| Annual return | 37.68% | 25.36%+12.3pp | 30.72%+7.0pp | 29.38%+8.3pp |
| Employer contribution / active EE | $0 | $1,496-100.0% | $2,540-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $2,277 | $2,748-17.1% | $3,619-37.1% | $3,514-35.2% |
| Admin fee / account holder | $77 | $398-80.7% | $6,252-98.8% | $847-91.0% |