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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.6+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Trustee (bank, trust company, or simi... | $1,351 |
Service code 12 · EIN 84-1477138 | Participant communication; Claims pro... | $1,275 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $35,382 | $70,917-50.1% | $98,916-64.2% | $73,493-51.9% |
| Participation rate | 99.4% | 73.8%+25.6pp | 76.0%+23.4pp | 70.7%+28.7pp |
| Annual return | 12.75% | 34.18%-21.4pp | 196.45%-183.7pp | 28.51%-15.8pp |
| Employer contribution / active EE | $665 | $2,037-67.4% | $2,689-75.3% | $2,270-70.7% |
| Participant deferral / active EE | $2,918 | $3,501-16.7% | $4,245-31.3% | $3,740-22.0% |
| Admin fee / account holder | $11 | $535-97.9% | $6,642-99.8% | $513-97.8% |