Filed January 19, 2017
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT Service code 49 · EIN 35-1151034 | Other Services | $14,635 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,148 |
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $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).
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 | $29,766 | $75,183-60.4% | $123,892-76.0% | $55,167-46.0% |
| Participation rate | 55.1% | 72.8%-17.7pp | 81.4%-26.3pp | 69.0%-13.9pp |
| Annual return | 33.16% | 19.01%+14.2pp | 47.52%-14.4pp | 169.23%-136.1pp |
| Employer contribution / active EE | $2,228 | $2,823-21.1% | $4,617-51.7% | $1,963+13.5% |
| Participant deferral / active EE | $4,598 | $5,084-9.6% | $5,984-23.2% | $3,054+50.5% |
| Admin fee / account holder | $105 | $663-84.1% | $8,357-98.7% | $504-79.1% |