Filed December 7, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 84-1477138 | Sub-transfer agency fees; Participant... | $20,400 |
NEWPORT GROUP, INC.3+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Trustee (bank, trust company, or simi... | $5,615 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,851 | $46,173-41.8% | $170,439-84.2% | $69,631-61.4% |
| Participation rate | 57.1% | 63.9%-6.8pp | 83.6%-26.5pp | 70.7%-13.6pp |
| Annual return | 19.76% | 21.62%-1.9pp | 205.94%-186.2pp | 27571.02%-27551.3pp |
| Employer contribution / active EE | $819 | $1,610-49.1% | $5,433-84.9% | $2,032-59.7% |
| Participant deferral / active EE | $2,443 | $2,080+17.5% | $4,939-50.5% | $3,224-24.2% |
| Admin fee / account holder | $67 | $116-41.9% | $13,881-99.5% | $110-39.0% |