Filed May 23, 2024
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| 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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,877 | $85,135-47.3% | $98,920-54.6% | $73,412-38.9% |
| Participation rate | 35.3% | 81.1%-45.9pp | 76.0%-40.8pp | 72.2%-36.9pp |
| Annual return | 15.01% | 19.14%-4.1pp | 196.47%-181.5pp | 59.30%-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% | $4,245-55.0% | $3,806-49.8% |
| Admin fee / account holder | $48 | $139-65.4% | $6,643-99.3% | $158-69.4% |