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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 84-1477138 | Participant communication; Claims pro... | $38,175 |
Filed as: INNOVEST PORTFOLIO SOLUTIONS, LLC Service code 28 · EIN 84-1334165 | Investment Management | $30,044 |
NEWPORT GROUP, INC.3 years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Direct payment from the plan; Investm... | $6,476 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $16,578 | $44,734-62.9% | $99,475-83.3% | $67,579-75.5% |
| Participation rate | 41.0% | 66.2%-25.2pp | 73.8%-32.9pp | 71.3%-30.3pp |
| Annual return | 2.71% | 32.45%-29.7pp | 30.72%-28.0pp | 378.56%-375.8pp |
| Employer contribution / active EE | $440 | $1,261-65.1% | $2,540-82.7% | $2,148-79.5% |
| Participant deferral / active EE | $723 | $2,731-73.5% | $3,619-80.0% | $3,539-79.6% |
| Admin fee / account holder | $118 | $120-1.4% | $6,252-98.1% | $142-17.1% |