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| Provider | Service type | Compensation |
|---|---|---|
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969 | Direct payment from the plan; Recordk... | $13,069 |
Filed as: HEFFERNAN RETIREMENT SERVICES Service code 27 180 HOWARD STREET, SUITE 200 · SAN FRANCISCO, CA 94105 | Advisory (Plan) | $9,548 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $63,474 | $62,672+1.3% | $185,117-65.7% | $70,126-9.5% |
| Participation rate | 61.9% | 63.8%-1.9pp | 77.3%-15.4pp | 69.5%-7.6pp |
| Annual return | 16.08% | 40.79%-24.7pp | 40.50%-24.4pp | 73.15%-57.1pp |
| Employer contribution / active EE | $1,278 | $1,753-27.1% | $4,182-69.4% | $2,343-45.4% |
| Participant deferral / active EE | $5,927 | $3,272+81.2% | $5,045+17.5% | $3,332+77.9% |
| Admin fee / account holder | $295 | $3,932-92.5% | $8,159-96.4% | $4,645-93.7% |