Filed January 8, 2023
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $49,983 |
ORENDA RETIREMENT, LLC3+ years Service code 13 · EIN 36-4877979 | Contract Administrator | $23,260 |
Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 · EIN 59-1237041 | Advisory (Plan) | $7,625 |
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 | $6,625 | $47,135-85.9% | $149,717-95.6% | $74,440-91.1% |
| Participation rate | 84.2% | 63.4%+20.8pp | 78.8%+5.4pp | 70.7%+13.5pp |
| Annual return | 24.15% | 22.75%+1.4pp | 134.41%-110.3pp | 34.37%-10.2pp |
| Employer contribution / active EE | $641 | $1,906-66.3% | $4,820-86.7% | $2,638-75.7% |
| Participant deferral / active EE | $3,398 | $2,728+24.5% | $5,682-40.2% | $4,529-25.0% |
| Admin fee / account holder | $109 | $343-68.2% | $13,213-99.2% | $348-68.7% |