Filed July 2, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
UBS FINANCIAL SERVICES INC4+ years Service code 27 · EIN 13-2638166 | Advisory (Plan) | $50,376 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,198 |
ASCENSUS LLC1 year Filed as: BADEN, GAGE & SCHROEDER Service code 10 · EIN 35-1939627 | Accounting | $12,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $56,646 | $64,286-11.9% | $106,387-46.8% | $55,725+1.7% |
| Participation rate | 63.5% | 75.2%-11.7pp | 77.5%-14.0pp | 70.9%-7.4pp |
| Annual return | -6.23% | 0.84%-7.1pp | 0.25%-6.5pp | 244.93%-251.2pp |
| Employer contribution / active EE | $1,151 | $2,367-51.4% | $3,520-67.3% | $2,078-44.6% |
| Participant deferral / active EE | $2,565 | $4,158-38.3% | $5,421-52.7% | $3,356-23.5% |
| Admin fee / account holder | $182 | $102+78.0% | $7,510-97.6% | $115+58.1% |