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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.10+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Investment management; Float revenue;... | $16,702 |
JULY BUSINESS SERVICES2 years Filed as: JULY BUSINESS SERVICES LLC Service code 15 · EIN 74-2715820 P.O. BOX 2208 · WACO, TX 76703 | Recordkeeping | $6,655 |
DA DAVIDSON & CO6 years Filed as: D.A. DAVIDSON & CO. Service code 17 95 S. STATE ST. · SALT LAKE CITY, UT 84111 | Pension Consulting | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $78,189 | $89,123-12.3% | $102,460-23.7% | $77,762+0.5% |
| Participation rate | 59.6% | 80.9%-21.3pp | 76.5%-16.9pp | 70.6%-11.0pp |
| Annual return | 17.08% | 25.05%-8.0pp | 29.47%-12.4pp | 31.27%-14.2pp |
| Employer contribution / active EE | $0 | $2,700-100.0% | $3,025-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $3,474 | $5,148-32.5% | $5,056-31.3% | $4,651-25.3% |
| Admin fee / account holder | $167 | $236-29.1% | $9,460-98.2% | $433-61.4% |