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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $64,535 |
STRATEGIC FINANCIAL SERVICES4+ years Filed as: STRATEGIC FINANCIAL SERVICES, INC. Service code 27 1755 TELSTAR DRIVE · COLORADO SPRINGS, CO 80920 | Advisory (Plan) | $21,038 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $148,242 | $47,977+209.0% | $154,111-3.8% | $56,287+163.4% |
| Participation rate | 100.0% | 66.2%+33.8pp | 83.0%+17.0pp | 69.9%+30.1pp |
| Annual return | -6.71% | 3.54%-10.2pp | 735.18%-741.9pp | -9.96%+3.3pp |
| Employer contribution / active EE | $8,390 | $2,169+286.9% | $5,298+58.4% | $2,111+297.4% |
| Participant deferral / active EE | $4,829 | $2,392+101.9% | $5,081-5.0% | $3,350+44.1% |
| Admin fee / account holder | $369 | $438-15.8% | $13,411-97.2% | $521-29.1% |