Filed September 30, 2022
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
PASTRANO, JASON1+ years Service code 49 | Other Services | $3,606 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Filed as: PRINCIPAL LIFE INSURANCE Service code 13 · EIN 42-0127290 | Contract Administrator | $2,232 |
JASON PASTRANO1+ years Service code 49 · EIN 05-2749391 | Other Services | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $23,457 | $70,002-66.5% | $115,038-79.6% | $52,331-55.2% |
| Participation rate | 47.0% | 72.1%-25.1pp | 81.4%-34.4pp | 68.1%-21.1pp |
| Annual return | 2.63% | 4.04%-1.4pp | 26.14%-23.5pp | 4.54%-1.9pp |
| Employer contribution / active EE | $175 | $2,715-93.5% | $4,608-96.2% | $1,882-90.7% |
| Participant deferral / active EE | $2,919 | $4,920-40.7% | $6,026-51.6% | $3,022-3.4% |
| Admin fee / account holder | $16 | $566-97.2% | $8,175-99.8% | $592-97.3% |