Filed April 6, 2022
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL CORPORATION Service code 49 · EIN 95-2834236 | Other Services | $9,396 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,049 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $23,118 | $39,245-41.1% | $64,105-63.9% | $52,331-55.8% |
| Participation rate | 60.9% | 58.2%+2.7pp | 68.2%-7.2pp | 68.1%-7.2pp |
| Annual return | -1.80% | 14.79%-16.6pp | 791.24%-793.0pp | 4.54%-6.3pp |
| Employer contribution / active EE | $370 | $736-49.7% | $1,820-79.6% | $1,882-80.3% |
| Participant deferral / active EE | $2,623 | $1,992+31.7% | $2,822-7.0% | $3,022-13.2% |
| Admin fee / account holder | $9 | $592-98.5% | $4,499-99.8% | $592-98.5% |