Filed April 28, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $53,270 |
S B H U LIFE AGENCY INC1 year Filed as: S B H U LIFE AGENCY INC. Service code 49 | Other Services | $1,349 |
S B H U LIFE AGENCY INC1 year Service code 49 · EIN 13-2896238 | Other Services | $0 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,832 | $55,470-24.6% | $155,556-73.1% | $74,478-43.8% |
| Participation rate | 69.7% | 61.9%+7.8pp | 78.2%-8.5pp | 67.2%+2.5pp |
| Annual return | 13.18% | 269.80%-256.6pp | 64.84%-51.7pp | 1370.56%-1357.4pp |
| Employer contribution / active EE | $2,734 | $2,267+20.6% | $4,675-41.5% | $2,626+4.1% |
| Participant deferral / active EE | $3,593 | $2,838+26.6% | $5,631-36.2% | $4,350-17.4% |
| Admin fee / account holder | $299 | $1,744-82.8% | $15,885-98.1% | $1,946-84.6% |