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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969 | Contract Administrator | $19,419 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $14,631 | $65,125-77.5% | $143,797-89.8% | $66,949-78.1% |
| Participation rate | 42.0% | 65.2%-23.2pp | 80.3%-38.3pp | 69.8%-27.8pp |
| Annual return | -10.29% | -11.13%+0.8pp | -0.04%-10.3pp | 1.57%-11.9pp |
| Employer contribution / active EE | $454 | $2,362-80.8% | $4,952-90.8% | $2,545-82.2% |
| Participant deferral / active EE | $1,235 | $2,920-57.7% | $5,638-78.1% | $4,239-70.9% |
| Admin fee / account holder | $146 | $503-71.0% | $14,679-99.0% | $594-75.4% |