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.7+ years Filed as: NEWPORT GROUP, INC Service code 60 · EIN 27-2037969 | Sub-TA Fees | $11,397 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,596 | $93,131-48.9% | $106,548-55.3% | $86,799-45.2% |
| Participation rate | 32.5% | 81.4%-48.9pp | 76.1%-43.6pp | 72.3%-39.8pp |
| Annual return | 14.40% | 19.45%-5.0pp | 26.80%-12.4pp | 97.91%-83.5pp |
| Employer contribution / active EE | $879 | $2,895-69.7% | $2,819-68.8% | $2,405-63.5% |
| Participant deferral / active EE | $1,830 | $4,708-61.1% | $4,398-58.4% | $4,131-55.7% |
| Admin fee / account holder | $38 | $145-73.6% | $7,407-99.5% | $170-77.4% |