Filed May 23, 2024
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.6+ years Filed as: NEWPORT GROUP, INC Service code 60 · EIN 27-2037969 | Sub-TA Fees | $12,015 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,877 | $85,135-47.3% | $98,907-54.6% | $73,409-38.9% |
| Participation rate | 35.3% | 81.1%-45.9pp | 76.0%-40.8pp | 72.2%-36.9pp |
| Annual return | 15.01% | 19.14%-4.1pp | 196.43%-181.4pp | 59.29%-44.3pp |
| Employer contribution / active EE | $1,042 | $2,721-61.7% | $2,689-61.2% | $2,234-53.3% |
| Participant deferral / active EE | $1,912 | $4,349-56.0% | $4,244-54.9% | $3,805-49.8% |
| Admin fee / account holder | $48 | $139-65.4% | $6,642-99.3% | $158-69.4% |