Filed September 30, 2022
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS Service code 49 | Other Services | $3,683 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Filed as: PRINCIPAL LIFE INSURANCE Service code 13 · EIN 42-0127290 | Contract Administrator | $2,739 |
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS LLC Service code 49 · EIN 41-1416330 | 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 | $24,303 | $75,183-67.7% | $123,894-80.4% | $55,167-55.9% |
| Participation rate | 59.0% | 72.8%-13.8pp | 81.4%-22.4pp | 69.0%-9.9pp |
| Annual return | 13.42% | 19.01%-5.6pp | 47.52%-34.1pp | 169.23%-155.8pp |
| Employer contribution / active EE | $223 | $2,823-92.1% | $4,617-95.2% | $1,963-88.7% |
| Participant deferral / active EE | $3,713 | $5,084-27.0% | $5,984-38.0% | $3,054+21.6% |
| Admin fee / account holder | $16 | $663-97.6% | $8,357-99.8% | $504-96.8% |