Filed June 26, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: QPC, LLC Service code 13 · EIN 20-0223513 | Contract Administrator | $49,280 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $45,800 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $10,205 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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 | $46,394 | $78,607-41.0% | $105,624-56.1% | $74,478-37.7% |
| Participation rate | 99.2% | 72.8%+26.4pp | 75.3%+24.0pp | 67.2%+32.0pp |
| Annual return | 12.23% | 15.96%-3.7pp | 116.20%-104.0pp | 1370.56%-1358.3pp |
| Employer contribution / active EE | $3,050 | $2,523+20.9% | $3,168-3.7% | $2,626+16.1% |
| Participant deferral / active EE | $4,737 | $4,325+9.5% | $5,013-5.5% | $4,350+8.9% |
| Admin fee / account holder | $314 | $2,220-85.9% | $10,961-97.1% | $1,946-83.9% |