Filed June 17, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.2+ years Filed as: NEWPORTGROUP, INC. Service code 13 · EIN 27-2037969 | Contract Administrator | $8,607 |
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930 | Recordkeeping | $120 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,731 | $36,916+18.5% | $156,551-72.1% | $57,658-24.2% |
| Participation rate | 52.4% | 63.4%-11.0pp | 84.0%-31.6pp | 70.2%-17.8pp |
| Annual return | 6.20% | 12.38%-6.2pp | 32.23%-26.0pp | 5.13%+1.1pp |
| Employer contribution / active EE | $1,028 | $1,571-34.6% | $5,501-81.3% | $1,974-47.9% |
| Participant deferral / active EE | $2,449 | $1,926+27.2% | $4,871-49.7% | $3,061-20.0% |
| Admin fee / account holder | $43 | $82-47.9% | $13,028-99.7% | $95-54.5% |