Filed June 17, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Filed as: NEWPORTGROUP, INC. Service code 13 · EIN 27-2037969 | Contract Administrator | $6,929 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,670 | $37,117+9.6% | $147,614-72.4% | $55,191-26.3% |
| Participation rate | 52.2% | 63.6%-11.4pp | 84.6%-32.4pp | 69.2%-17.0pp |
| Annual return | 1.12% | 3.44%-2.3pp | 61.98%-60.9pp | 10.78%-9.7pp |
| Employer contribution / active EE | $871 | $1,620-46.3% | $5,564-84.4% | $1,899-54.1% |
| Participant deferral / active EE | $2,102 | $1,985+5.9% | $4,895-57.1% | $3,046-31.0% |
| Admin fee / account holder | $36 | $86-58.4% | $11,611-99.7% | $91-60.8% |