Filed February 12, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 13 · EIN 27-2037969 | Contract Administrator | $215,796 |
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $14,847 |
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 | $20,735 | $45,000-53.9% | $143,799-85.6% | $77,906-73.4% |
| Participation rate | 91.3% | 66.8%+24.5pp | 80.3%+11.0pp | 73.7%+17.6pp |
| Annual return | -12.10% | 29.03%-41.1pp | -0.04%-12.1pp | 12.16%-24.3pp |
| Employer contribution / active EE | $0 | $1,870-100.0% | $4,952-100.0% | $2,846-100.0% |
| Participant deferral / active EE | $3,671 | $3,157+16.3% | $5,638-34.9% | $4,805-23.6% |
| Admin fee / account holder | $159 | $98+61.3% | $14,677-98.9% | $133+19.7% |