Filed September 30, 2022
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS Service code 49 | Other Services | $6,788 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Filed as: PRINCIPAL LIFE INSURANCE Service code 13 · EIN 42-0127290 | Contract Administrator | $4,534 |
RBC WEALTH MANAGEMENT2 years 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 | $27,614 | $80,753-65.8% | $136,298-79.7% | $62,293-55.7% |
| Participation rate | 61.1% | 73.5%-12.5pp | 81.9%-20.9pp | 69.5%-8.5pp |
| Annual return | 24.19% | 35.83%-11.6pp | 5156.27%-5132.1pp | 28.90%-4.7pp |
| Employer contribution / active EE | $235 | $2,884-91.9% | $4,696-95.0% | $2,042-88.5% |
| Participant deferral / active EE | $3,910 | $5,164-24.3% | $6,247-37.4% | $3,169+23.4% |
| Admin fee / account holder | $16 | $525-96.9% | $9,244-99.8% | $479-96.6% |