Filed January 23, 2006
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: CORNERSTONE ADVISORS ASSETS MANAGE Service code 14 · EIN 23-2933229 | Plan Administrator | $112,757 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $61,368 |
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).
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 | $173,450 | $85,199+103.6% | $57,196+203.3% | $63,975+171.1% |
| Participation rate | 50.5% | 74.0%-23.5pp | 75.3%-24.8pp | 71.1%-20.6pp |
| Annual return | 7.77% | 10.43%-2.7pp | 14.59%-6.8pp | 48.65%-40.9pp |
| Employer contribution / active EE | $2,622 | $3,446-23.9% | $2,683-2.3% | $2,182+20.2% |
| Participant deferral / active EE | $3,690 | $3,109+18.7% | $3,096+19.2% | $3,356+9.9% |
| Admin fee / account holder | $21 | $39-44.7% | $3,141-99.3% | $70-69.7% |