Filed August 25, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $47,459 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $11,345 |
QUALIFIED PLANS, LLC1 year Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 13 | Contract Administrator | $8,204 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
QUALIFIED PLANS, LLC1 year Filed as: QUALIFIED PLAN CONSULTANTS Service code 13 · EIN 20-0223513 | Contract Administrator | $0 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $18,439 | $55,457-66.8% | $76,119-75.8% | $77,736-76.3% |
| Participation rate | 69.0% | 63.6%+5.4pp | 69.1%-0.1pp | 70.6%-1.6pp |
| Annual return | 19.29% | 17.09%+2.2pp | 361.25%-342.0pp | 31.26%-12.0pp |
| Employer contribution / active EE | $2,010 | $1,792+12.1% | $2,693-25.4% | $2,728-26.3% |
| Participant deferral / active EE | $2,533 | $3,454-26.7% | $4,259-40.5% | $4,651-45.5% |
| Admin fee / account holder | $202 | $411-50.8% | $6,421-96.9% | $433-53.4% |