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.5 years Service code 12 · EIN 27-2037969 | Sub-transfer agency fees; Recordkeepi... | $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).
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 | $9,176 | $55,785-83.6% | $96,583-90.5% | $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 | 37.79%+10.3pp | 19.28%+28.8pp |
| Employer contribution / active EE | $0 | $1,042-100.0% | $2,357-100.0% | $2,840-100.0% |
| Participant deferral / active EE | $1,357 | $1,782-23.9% | $3,850-64.7% | $4,948-72.6% |
| Admin fee / account holder | $65 | $59+10.3% | $6,184-99.0% | $75-13.2% |