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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 84-1477138 | Claims processing; Recordkeeping and ... | $55,513 |
Filed as: INNOVEST PORTFOLIO SOLUTIONS, LLC Service code 28 · EIN 84-1334165 | Investment Management | $26,508 |
NEWPORT GROUP, INC.4 years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Shareholder servicing fees; Float rev... | $8,993 |
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.
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 | $19,035 | $51,447-63.0% | $104,625-81.8% | $73,412-74.1% |
| Participation rate | 37.5% | 68.2%-30.7pp | 74.1%-36.6pp | 72.2%-34.7pp |
| Annual return | 14.37% | 25.06%-10.7pp | 340.60%-326.2pp | 59.30%-44.9pp |
| Employer contribution / active EE | $300 | $1,441-79.2% | $2,681-88.8% | $2,234-86.6% |
| Participant deferral / active EE | $689 | $3,058-77.5% | $3,738-81.6% | $3,806-81.9% |
| Admin fee / account holder | $161 | $122+31.8% | $6,465-97.5% | $158+1.8% |