Filed January 8, 2023
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $63,516 |
ORENDA RETIREMENT, LLC4+ years Service code 13 · EIN 36-4877979 | Contract Administrator | $39,823 |
Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 · EIN 59-1237041 | Advisory (Plan) | $12,009 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,412 | $50,815-79.5% | $155,509-93.3% | $77,643-86.6% |
| Participation rate | 89.7% | 63.1%+26.6pp | 78.2%+11.5pp | 70.6%+19.1pp |
| Annual return | 17.72% | 34.80%-17.1pp | 64.67%-47.0pp | 31.24%-13.5pp |
| Employer contribution / active EE | $445 | $1,993-77.6% | $4,672-90.5% | $2,726-83.7% |
| Participant deferral / active EE | $2,966 | $2,822+5.1% | $5,626-47.3% | $4,647-36.2% |
| Admin fee / account holder | $173 | $437-60.3% | $15,912-98.9% | $430-59.7% |