Filed November 12, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRICIPAL LIFE INSURANCE COMPANY Service code 13 · EIN 42-0127290 | Contract Administrator | $41,588 |
OSAIC WEALTH INC2 years Filed as: OSIAC WEALTH, INC. Service code 49 · EIN 93-0987232 | Other Services | $13,877 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,077 | $55,470-27.7% | $155,556-74.2% | $74,478-46.2% |
| Participation rate | 98.0% | 61.9%+36.1pp | 78.2%+19.8pp | 67.2%+30.8pp |
| Annual return | 16.86% | 269.80%-252.9pp | 64.84%-48.0pp | 1370.56%-1353.7pp |
| Employer contribution / active EE | $2,430 | $2,267+7.2% | $4,675-48.0% | $2,626-7.5% |
| Participant deferral / active EE | $4,178 | $2,838+47.2% | $5,631-25.8% | $4,350-4.0% |
| Admin fee / account holder | $304 | $1,744-82.6% | $15,885-98.1% | $1,946-84.4% |