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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FREEDOM ONE RETIREMENT SERVICES Service code 19 8031 M-15 · CLARKSTON, MA 48348 | Securities Custodian | $26,099 |
Filed as: CAPTRUST INVESTMENT ADVISORS Service code 26 8031 M 15 · CLARKSTON, MI 48348 | Advisory (Participants) | $18,308 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,775 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $13,681 | $81,537-83.2% | $149,721-90.9% | $69,631-80.4% |
| Participation rate | 93.2% | 86.1%+7.1pp | 87.1%+6.1pp | 70.7%+22.5pp |
| Annual return | 16.70% | 22.79%-6.1pp | 1501.67%-1485.0pp | 27571.02%-27554.3pp |
| Employer contribution / active EE | $1,398 | $3,239-56.8% | $5,444-74.3% | $2,032-31.2% |
| Participant deferral / active EE | $3,509 | $4,994-29.7% | $6,568-46.6% | $3,224+8.9% |
| Admin fee / account holder | $159 | $107+48.9% | $11,282-98.6% | $110+44.1% |