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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,525 | $53,136-50.1% | $155,509-82.9% | $199,593-86.7% |
| Participation rate | 93.2% | 64.1%+29.1pp | 78.2%+15.0pp | 72.0%+21.3pp |
| Annual return | 23.30% | 41.15%-17.8pp | 64.67%-41.4pp | 34.25%-11.0pp |
| Employer contribution / active EE | $0 | $1,851-100.0% | $4,672-100.0% | $3,034-100.0% |
| Participant deferral / active EE | $5,440 | $3,161+72.1% | $5,626-3.3% | $5,087+6.9% |
| Admin fee / account holder | $98 | $185-47.1% | $15,912-99.4% | $269-63.5% |