Filed February 12, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969 | Contract Administrator | $61,533 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $19,841 | $56,511-64.9% | $185,837-89.3% | $86,813-77.1% |
| Participation rate | 93.3% | 65.5%+27.8pp | 81.7%+11.6pp | 72.3%+21.0pp |
| Annual return | 17.83% | 118.12%-100.3pp | 122.08%-104.3pp | 97.93%-80.1pp |
| Employer contribution / active EE | $3 | $1,844-99.8% | $5,168-99.9% | $2,406-99.9% |
| Participant deferral / active EE | $3,623 | $2,554+41.8% | $5,568-34.9% | $4,131-12.3% |
| Admin fee / account holder | $41 | $150-72.7% | $16,241-99.7% | $170-75.9% |