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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.3 years Service code 12 · EIN 27-2037969 | Recordkeeping fees; Recordkeeping and... | $104,489 |
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131 | Custodial (securities); Account maint... | $61,569 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $288,855 | $75,388+283.2% | $123,553+133.8% | $55,727+418.3% |
| Participation rate | 100.0% | 75.7%+24.3pp | 82.3%+17.7pp | 70.9%+29.1pp |
| Annual return | -1.72% | 4.48%-6.2pp | 119.21%-120.9pp | 244.94%-246.7pp |
| Employer contribution / active EE | $13,281 | $3,063+333.6% | $4,628+187.0% | $2,078+539.0% |
| Participant deferral / active EE | $9,603 | $5,651+70.0% | $6,426+49.4% | $3,356+186.2% |
| Admin fee / account holder | $683 | $120+470.2% | $9,284-92.6% | $115+492.9% |