Filed October 11, 2021
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $360,514 |
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269 | Other Services | $43,486 |
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 49 · EIN 34-1542819 | Other Services | $39,998 |
CARON & BLETZER, PLLC2 years Service code 10 · EIN 04-3499945 | Accounting | $11,750 |
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 | $132,907 | $73,125+81.8% | $125,195+6.2% | $77,775+70.9% |
| Participation rate | 95.2% | 79.4%+15.8pp | 79.8%+15.5pp | 73.2%+22.0pp |
| Annual return | 21.50% | 24.71%-3.2pp | 43.79%-22.3pp | 32.58%-11.1pp |
| Employer contribution / active EE | $4,507 | $2,413+86.8% | $3,866+16.6% | $2,504+80.0% |
| Participant deferral / active EE | $6,472 | $3,966+63.2% | $4,937+31.1% | $3,966+63.2% |
| Admin fee / account holder | $138 | $89+54.8% | $9,704-98.6% | $100+38.2% |