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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,290 |
WILSHIRE ASSOCIATES INCORPORATED1+ 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $21,715 | $45,324-52.1% | $122,354-82.3% | $69,631-68.8% |
| Participation rate | 5.0% | 59.9%-54.9pp | 71.6%-66.6pp | 70.7%-65.7pp |
| Annual return | 446.41% | 25.35%+421.1pp | 30.28%+416.1pp | 27571.02%-27124.6pp |
| Employer contribution / active EE | $0 | $1,230-100.0% | $4,051-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $369 | $2,367-84.4% | $3,287-88.8% | $3,224-88.6% |
| Admin fee / account holder | $103 | $87+18.2% | $5,479-98.1% | $110-6.9% |