Filed September 11, 2024
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| Provider | Service type | Compensation |
|---|---|---|
THE W.L. BURMEISTER COMPANY3 years Filed as: THE WL BURMEISTER COMPANY Service code 13 · EIN 38-2928964 | Contract Administrator | $5,028 |
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,751 |
Filed as: NORTHWESTERN MUTUAL INVESTEMNT SERV Service code 49 · EIN 52-2114207 | Other Services | $0 |
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).
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 | $48,977 | $124,414-60.6% | $115,170-57.5% | $67,579-27.5% |
| Participation rate | 24.5% | 58.1%-33.5pp | 75.9%-51.4pp | 71.3%-46.7pp |
| Annual return | 23.43% | 29.40%-6.0pp | 35.60%-12.2pp | 378.56%-355.1pp |
| Employer contribution / active EE | $464 | $1,454-68.1% | $3,179-85.4% | $2,148-78.4% |
| Participant deferral / active EE | $973 | $2,331-58.2% | $4,169-76.7% | $3,539-72.5% |
| Admin fee / account holder | $63 | $361-82.5% | $7,089-99.1% | $142-55.5% |