Filed February 12, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.5 years Service code 13 · EIN 27-2037969 | Contract Administrator | $177,262 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $24,731 |
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 | $26,525 | $53,204-50.1% | $155,556-82.9% | $200,096-86.7% |
| Participation rate | 93.2% | 64.1%+29.1pp | 78.2%+15.0pp | 72.0%+21.2pp |
| Annual return | 23.30% | 41.02%-17.7pp | 64.84%-41.5pp | 34.26%-11.0pp |
| Employer contribution / active EE | $0 | $1,850-100.0% | $4,675-100.0% | $3,038-100.0% |
| Participant deferral / active EE | $5,440 | $3,163+72.0% | $5,631-3.4% | $5,090+6.9% |
| Admin fee / account holder | $98 | $186-47.2% | $15,885-99.4% | $269-63.6% |