Filed April 30, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $3,875 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $1,240 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
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 | $32,936 | $44,873-26.6% | $79,464-58.6% | $56,287-41.5% |
| Participation rate | 100.0% | 68.7%+31.3pp | 73.3%+26.7pp | 69.9%+30.1pp |
| Annual return | -2.00% | 0.81%-2.8pp | 718.14%-720.1pp | -9.96%+8.0pp |
| Employer contribution / active EE | $3,441 | $2,140+60.8% | $2,800+22.9% | $2,111+63.0% |
| Participant deferral / active EE | $5,647 | $2,746+105.6% | $3,704+52.5% | $3,350+68.6% |
| Admin fee / account holder | $8 | $418-98.1% | $5,113-99.8% | $521-98.5% |