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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,651 | $50,127-48.8% | $149,673-82.9% | $80,160-68.0% |
| Participation rate | 94.3% | 64.3%+30.0pp | 78.8%+15.5pp | 72.9%+21.3pp |
| Annual return | 25.32% | 29.82%-4.5pp | 134.42%-109.1pp | 40.38%-15.1pp |
| Employer contribution / active EE | $0 | $1,865-100.0% | $4,818-100.0% | $2,978-100.0% |
| Participant deferral / active EE | $4,587 | $3,194+43.6% | $5,680-19.2% | $5,017-8.6% |
| Admin fee / account holder | $113 | $153-25.7% | $13,210-99.1% | $145-21.7% |