Filed October 18, 2004
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969 | Recordkeeping fees; Direct payment fr... | $50,462 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $189,232 | $95,918+97.3% | $151,634+24.8% | $77,906+142.9% |
| Participation rate | 98.1% | 88.7%+9.3pp | 87.5%+10.6pp | 73.7%+24.4pp |
| Annual return | -16.74% | -5.50%-11.2pp | 3.32%-20.1pp | 12.16%-28.9pp |
| Employer contribution / active EE | $7,345 | $4,330+69.6% | $6,165+19.1% | $2,846+158.0% |
| Participant deferral / active EE | $11,961 | $7,508+59.3% | $8,363+43.0% | $4,805+148.9% |
| Admin fee / account holder | $28 | $93-70.2% | $11,614-99.8% | $133-79.0% |