Filed June 22, 2006
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.1 year Service code 12 · EIN 27-2037969 | Recordkeeping and information managem... | $554,873 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST CO. Service code 12 · EIN 27-4411131 | Claims processing; Trustee (bank, tru... | $30,680 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $6,752 | $39,909-83.1% | $78,775-91.4% | $80,976-91.7% |
| Participation rate | 61.6% | 55.7%+5.9pp | 69.2%-7.6pp | 68.3%-6.6pp |
| Annual return | 16.19% | 23.47%-7.3pp | 35.62%-19.4pp | 22.91%-6.7pp |
| Employer contribution / active EE | $0 | $778-100.0% | $1,986-100.0% | $2,402-100.0% |
| Participant deferral / active EE | $866 | $1,359-36.3% | $2,958-70.7% | $3,848-77.5% |
| Admin fee / account holder | $35 | $50-29.0% | $5,132-99.3% | $67-47.7% |