Filed February 23, 2021
Total covered: 12 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $4,773 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,684 |
WILSHIRE ASSOCIATES INCORPORATED3+ 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $88,020 | $60,545+45.4% | $92,240-4.6% | $69,631+26.4% |
| Participation rate | 23.1% | 72.2%-49.1pp | 76.5%-53.4pp | 70.7%-47.6pp |
| Annual return | 17.67% | 19.71%-2.0pp | 176.29%-158.6pp | 27571.02%-27553.4pp |
| Employer contribution / active EE | $375 | $2,633-85.8% | $3,680-89.8% | $2,032-81.6% |
| Participant deferral / active EE | $1,169 | $2,828-58.6% | $3,897-70.0% | $3,224-63.7% |
| Admin fee / account holder | $11 | $145-92.7% | $5,194-99.8% | $110-90.5% |