Filed February 12, 2019
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969 | Contract Administrator | $169,021 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 | Bank Trustee | $17,190 |
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 | $25,651 | $50,151-48.9% | $149,696-82.9% | $80,157-68.0% |
| Participation rate | 94.3% | 64.3%+30.0pp | 78.8%+15.5pp | 72.9%+21.3pp |
| Annual return | 25.32% | 29.80%-4.5pp | 134.46%-109.1pp | 40.39%-15.1pp |
| Employer contribution / active EE | $0 | $1,867-100.0% | $4,821-100.0% | $2,977-100.0% |
| Participant deferral / active EE | $4,587 | $3,194+43.6% | $5,682-19.3% | $5,015-8.5% |
| Admin fee / account holder | $113 | $153-25.7% | $13,212-99.1% | $145-21.8% |