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| Provider | Service type | Compensation |
|---|---|---|
Filed as: INDEPENDENT FINANCIAL GROUP Service code 26 250 NORTH WESTLAKE BOULEVARD · WESTLAKE VILLAGE, CA 91362 | Advisory (Participants) | $13,632 |
Service code 12 · EIN 84-1477138 | Recordkeeping fees; Direct payment fr... | $3,080 |
NEWPORT GROUP, INC.2 years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048 | Float revenue; Investment management;... | $2,456 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $41,729 | $66,302-37.1% | $110,241-62.1% | $56,287-25.9% |
| Participation rate | 69.6% | 74.9%-5.3pp | 79.8%-10.2pp | 69.9%-0.2pp |
| Annual return | -4.31% | -1.18%-3.1pp | 314.75%-319.1pp | -9.96%+5.6pp |
| Employer contribution / active EE | $1,077 | $2,047-47.4% | $3,827-71.8% | $2,111-49.0% |
| Participant deferral / active EE | $2,800 | $3,381-17.2% | $4,672-40.1% | $3,350-16.4% |
| Admin fee / account holder | $183 | $698-73.9% | $8,548-97.9% | $521-65.0% |