Filed October 11, 2021
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $69,612 |
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY DW INC Service code 49 · EIN 94-1671384 | Other Services | $61,229 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269 | Other Services | $22,371 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 49 · EIN 34-1542819 | Other Services | $20,885 |
Filed as: PERSHING, LLC Service code 33 · EIN 13-2741729 | Recordkeeping fees; Account maintenan... | $6,648 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $101,621 | $61,125+66.3% | $108,582-6.4% | $63,975+58.8% |
| Participation rate | 94.5% | 80.5%+13.9pp | 79.6%+14.9pp | 71.1%+23.3pp |
| Annual return | 7.77% | 14.06%-6.3pp | -51.70%+59.5pp | 48.65%-40.9pp |
| Employer contribution / active EE | $3,994 | $2,237+78.6% | $3,758+6.3% | $2,182+83.1% |
| Participant deferral / active EE | $5,646 | $3,574+58.0% | $4,311+31.0% | $3,356+68.2% |
| Admin fee / account holder | $31 | $72-57.1% | $7,645-99.6% | $70-56.2% |