Filed January 8, 2023
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $29,440 |
ORENDA RETIREMENT, LLC2+ years Service code 13 · EIN 36-4877979 | Contract Administrator | $18,662 |
Annual investment return is in the bottom quintile of the peer cohort.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,833 | $45,000-93.7% | $143,799-98.0% | $77,906-96.4% |
| Participation rate | 78.5% | 66.8%+11.7pp | 80.3%-1.8pp | 73.7%+4.8pp |
| Annual return | -22.62% | 29.03%-51.6pp | -0.04%-22.6pp | 12.16%-34.8pp |
| Employer contribution / active EE | $0 | $1,870-100.0% | $4,952-100.0% | $2,846-100.0% |
| Participant deferral / active EE | $1,529 | $3,157-51.6% | $5,638-72.9% | $4,805-68.2% |
| Admin fee / account holder | $53 | $98-46.5% | $14,677-99.6% | $133-60.3% |