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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $14,995 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $1,611 |
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $17,289 | $78,423-78.0% | $95,964-82.0% | $79,856-78.3% |
| Participation rate | 94.4% | 73.5%+20.9pp | 77.1%+17.3pp | 69.6%+24.7pp |
| Annual return | 28.09% | 19.37%+8.7pp | 91.64%-63.6pp | 31.71%-3.6pp |
| Employer contribution / active EE | $2,049 | $1,945+5.3% | $2,541-19.4% | $2,471-17.1% |
| Participant deferral / active EE | $3,240 | $3,440-5.8% | $4,167-22.2% | $3,741-13.4% |
| Admin fee / account holder | $155 | $5,622-97.2% | $6,797-97.7% | $5,306-97.1% |