Filed September 5, 2012
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.5 years Service code 12 · EIN 27-2037969 | Direct payment from the plan; Recordk... | $13,856 |
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131 | Trustee (directed); Trustee (individu... | $8,955 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $125,873 | $86,655+45.3% | $119,622+5.2% | $66,938+88.0% |
| Participation rate | 71.6% | 75.6%-4.0pp | 79.3%-7.7pp | 69.8%+1.7pp |
| Annual return | -14.76% | -8.00%-6.8pp | -14.98%+0.2pp | 1.58%-16.3pp |
| Employer contribution / active EE | $308 | $2,536-87.8% | $4,232-92.7% | $2,545-87.9% |
| Participant deferral / active EE | $6,087 | $4,358+39.7% | $5,601+8.7% | $4,238+43.6% |
| Admin fee / account holder | $226 | $755-70.1% | $10,328-97.8% | $594-61.9% |