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.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.5 years Service code 12 · EIN 27-2037969 | Claims processing; Recordkeeping fees... | $1,180,632 |
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,176 | $55,785-83.6% | $96,562-90.5% | $106,520-91.4% |
| Participation rate | 68.5% | 53.4%+15.1pp | 69.8%-1.3pp | 71.3%-2.8pp |
| Annual return | 48.09% | 17.66%+30.4pp | 37.78%+10.3pp | 19.28%+28.8pp |
| Employer contribution / active EE | $0 | $1,042-100.0% | $2,356-100.0% | $2,840-100.0% |
| Participant deferral / active EE | $1,357 | $1,782-23.9% | $3,849-64.7% | $4,948-72.6% |
| Admin fee / account holder | $65 | $59+10.3% | $6,181-99.0% | $75-13.2% |