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 | $39,385 |
OSAIC WEALTH INC1 year Filed as: OSIAC WEALTH, INC. Service code 49 · EIN 93-0987232 | Other Services | $13,508 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,721 | $77,899-46.4% | $149,673-72.1% | $75,163-44.5% |
| Participation rate | 100.0% | 65.6%+34.4pp | 78.8%+21.2pp | 67.2%+32.8pp |
| Annual return | 17.41% | 31.72%-14.3pp | 134.42%-117.0pp | 160.62%-143.2pp |
| Employer contribution / active EE | $2,592 | $3,137-17.4% | $4,818-46.2% | $2,670-2.9% |
| Participant deferral / active EE | $3,972 | $3,411+16.4% | $5,680-30.1% | $4,125-3.7% |
| Admin fee / account holder | $302 | $5,956-94.9% | $13,210-97.7% | $5,651-94.7% |