Filed May 23, 2024
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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.4+ years Filed as: NEWPORT GROUP, INC Service code 60 · EIN 27-2037969 | Sub-TA Fees | $6,432 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $38,037 | $41,467-8.3% | $67,313-43.5% | $55,725-31.7% |
| Participation rate | 28.7% | 62.5%-33.8pp | 69.1%-40.4pp | 70.9%-42.2pp |
| Annual return | -1.84% | 0.82%-2.7pp | -4.08%+2.2pp | 244.93%-246.8pp |
| Employer contribution / active EE | $855 | $1,316-35.0% | $2,566-66.7% | $2,078-58.9% |
| Participant deferral / active EE | $1,805 | $2,399-24.8% | $3,568-49.4% | $3,356-46.2% |
| Admin fee / account holder | $35 | $102-65.4% | $4,507-99.2% | $115-69.3% |