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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 84-1477138 | Recordkeeping fees; Participant loan ... | $105 |
NEWPORT GROUP, INC.1+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Trustee (bank, trust company, or simi... | $20 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $6,423 | $41,467-84.5% | $67,313-90.5% | $55,725-88.5% |
| Participation rate | 3.9% | 62.5%-58.6pp | 69.1%-65.2pp | 70.9%-67.0pp |
| Annual return | 0.00% | 0.82%-0.8pp | -4.08%+4.1pp | 244.93%-244.9pp |
| Employer contribution / active EE | $0 | $1,316-100.0% | $2,566-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $291 | $2,399-87.9% | $3,568-91.9% | $3,356-91.3% |
| Admin fee / account holder | $9 | $102-91.3% | $4,507-99.8% | $115-92.2% |