Filed September 14, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $46,429 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVCIES LLC Service code 27 | Advisory (Plan) | $18,198 |
MAXUS PLAN SOLUTIONS3+ years Filed as: MAXUS PLAN SOLUTIONS, INC Service code 13 · EIN 45-4012897 | Contract Administrator | $8,407 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $0 |
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 | $17,537 | $37,196-52.9% | $154,108-88.6% | $55,725-68.5% |
| Participation rate | 48.6% | 64.1%-15.5pp | 83.0%-34.4pp | 70.9%-22.2pp |
| Annual return | 5.45% | 1319.68%-1314.2pp | 735.21%-729.8pp | 244.93%-239.5pp |
| Employer contribution / active EE | $891 | $1,614-44.8% | $5,298-83.2% | $2,078-57.1% |
| Participant deferral / active EE | $1,231 | $2,068-40.5% | $5,081-75.8% | $3,356-63.3% |
| Admin fee / account holder | $135 | $102+32.6% | $13,411-99.0% | $115+17.0% |