Filed December 16, 2024
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,647 |
WELLS FARGO BANK, N.A.8+ years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269 | Other Services | $22,824 |
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS FIN NETWORK Service code 49 · EIN 48-1305000 | Other Services | $6,477 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,900 | $56,503+7.8% | $70,098-13.1% | $64,814-6.0% |
| Participation rate | 33.4% | 70.5%-37.1pp | 70.5%-37.1pp | 71.5%-38.1pp |
| Annual return | -12.31% | -13.44%+1.1pp | 190.76%-203.1pp | 32.84%-45.1pp |
| Employer contribution / active EE | $1,119 | $2,046-45.3% | $2,560-56.3% | $2,507-55.4% |
| Participant deferral / active EE | $2,176 | $3,389-35.8% | $3,849-43.5% | $4,310-49.5% |
| Admin fee / account holder | $167 | $160+4.3% | $6,266-97.3% | $188-11.0% |