Filed March 31, 2020
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| Provider | Service type | Compensation |
|---|---|---|
WOODBURY FINANCIAL SERVICES2+ years Service code 49 · EIN 41-0944586 | Other Services | $11,609 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,023 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $39,138 | $56,640-30.9% | $78,002-49.8% | $55,167-29.1% |
| Participation rate | 67.0% | 73.3%-6.3pp | 75.5%-8.5pp | 69.0%-2.0pp |
| Annual return | 7.31% | 2868.48%-2861.2pp | 425.99%-418.7pp | 169.23%-161.9pp |
| Employer contribution / active EE | $249 | $1,724-85.6% | $2,470-89.9% | $1,963-87.3% |
| Participant deferral / active EE | $1,857 | $2,778-33.2% | $3,497-46.9% | $3,054-39.2% |
| Admin fee / account holder | $7 | $467-98.5% | $5,481-99.9% | $504-98.6% |