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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 27 353 N CLARK ST · CHICAGO, IL 60654 | Advisory (Plan) | $33,053 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $24,280 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $23,662 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
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 | $16,562 | $66,051-74.9% | $92,915-82.2% | $77,775-78.7% |
| Participation rate | 52.5% | 81.0%-28.5pp | 76.0%-23.5pp | 73.2%-20.7pp |
| Annual return | 161.62% | 20.69%+140.9pp | 109.45%+52.2pp | 32.58%+129.0pp |
| Employer contribution / active EE | $198 | $3,426-94.2% | $3,653-94.6% | $2,504-92.1% |
| Participant deferral / active EE | $1,768 | $3,013-41.3% | $4,238-58.3% | $3,966-55.4% |
| Admin fee / account holder | $111 | $148-24.9% | $5,796-98.1% | $100+10.9% |