Filed December 16, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $37,700 |
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269 | Other Services | $10,263 |
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO ADVISORS FINANCIAL NETW Service code 49 · EIN 48-1305000 | Other Services | $6,290 |
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).
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 | $66,588 | $61,473+8.3% | $81,930-18.7% | $73,409-9.3% |
| Participation rate | 29.6% | 72.4%-42.8pp | 72.0%-42.4pp | 72.2%-42.6pp |
| Annual return | 13.12% | 28.26%-15.1pp | 29.49%-16.4pp | 59.29%-46.2pp |
| Employer contribution / active EE | $944 | $1,898-50.2% | $4,310-78.1% | $2,234-57.7% |
| Participant deferral / active EE | $1,942 | $3,080-36.9% | $7,107-72.7% | $3,805-49.0% |
| Admin fee / account holder | $159 | $125+26.8% | $5,158-96.9% | $158+0.8% |