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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE Service code 13 · EIN 42-0127290 | Contract Administrator | $71,204 |
Filed as: INDEPENDENT FINANCIAL GROUP, INC. Service code 49 | Other Services | $17,106 |
Filed as: INDEPENDENT FINANCIAL GROU, INC. Service code 49 · EIN 03-0491379 | Other Services | $0 |
Filed as: WILSHIRE ADVISORS, LLC Service code 27 | Advisory (Plan) | $0 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,982 | $106,236-81.2% | $112,228-82.2% | $64,808-69.2% |
| Participation rate | 61.4% | 71.7%-10.3pp | 75.1%-13.7pp | 71.5%-10.1pp |
| Annual return | -17.55% | -6.02%-11.5pp | 27.45%-45.0pp | 32.82%-50.4pp |
| Employer contribution / active EE | $1,606 | $3,166-49.3% | $3,635-55.8% | $2,506-35.9% |
| Participant deferral / active EE | $1,877 | $3,785-50.4% | $4,728-60.3% | $4,310-56.5% |
| Admin fee / account holder | $258 | $452-42.9% | $6,410-96.0% | $188+37.2% |