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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1+ years Service code 13 · EIN 27-2037969 | Contract Administrator | $29,038 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,307 | $46,360-41.1% | $147,614-81.5% | $52,331-47.8% |
| Participation rate | 56.5% | 64.9%-8.4pp | 84.6%-28.1pp | 68.1%-11.6pp |
| Annual return | -2.14% | 1.62%-3.8pp | 61.98%-64.1pp | 4.54%-6.7pp |
| Employer contribution / active EE | $721 | $2,126-66.1% | $5,564-87.0% | $1,882-61.7% |
| Participant deferral / active EE | $2,292 | $2,258+1.5% | $4,895-53.2% | $3,022-24.2% |
| Admin fee / account holder | $168 | $766-78.1% | $11,611-98.6% | $592-71.6% |