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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $43,572 |
Service code 27 · EIN 46-5576228 | Advisory (Plan) | $31,088 |
WILSHIRE ASSOCIATES INCORPORATED4+ years Service code 27 · EIN 95-2755361 | 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 | $57,228 | $48,261+18.6% | $68,612-16.6% | $55,725+2.7% |
| Participation rate | 48.1% | 71.0%-23.0pp | 72.2%-24.2pp | 70.9%-22.8pp |
| Annual return | -6.09% | -2.61%-3.5pp | -4.63%-1.5pp | 244.93%-251.0pp |
| Employer contribution / active EE | $1,124 | $1,742-35.5% | $2,625-57.2% | $2,078-45.9% |
| Participant deferral / active EE | $2,976 | $2,712+9.7% | $3,311-10.1% | $3,356-11.3% |
| Admin fee / account holder | $122 | $126-3.0% | $5,131-97.6% | $115+6.3% |