Filed September 14, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $17,124 |
WOODBURY FINANCIAL SERVICES1+ years Service code 49 · EIN 41-0944586 | Other Services | $10,763 |
MAXUS PLAN SOLUTIONS1+ years Filed as: MAXUS PLAN SOLUTIONS, INC Service code 13 · EIN 45-4012897 | Contract Administrator | $7,008 |
Filed as: MUTUAL OF AMERICA LIFE INSURANCE C Service code 12 · EIN 13-1614399 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing | $276 |
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).
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 | $14,590 | $36,916-60.5% | $156,551-90.7% | $57,658-74.7% |
| Participation rate | 54.2% | 63.4%-9.2pp | 84.0%-29.8pp | 70.2%-16.0pp |
| Annual return | 7.22% | 12.38%-5.2pp | 32.23%-25.0pp | 5.13%+2.1pp |
| Employer contribution / active EE | $943 | $1,571-40.0% | $5,501-82.9% | $1,974-52.2% |
| Participant deferral / active EE | $1,181 | $1,926-38.7% | $4,871-75.8% | $3,061-61.4% |
| Admin fee / account holder | $62 | $82-24.4% | $13,028-99.5% | $95-34.1% |