Filed October 5, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
COTTONWOOD ADVISORS, LLC1+ years Service code 27 · EIN 20-4591722 | Advisory (Plan) | $44,509 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $22,108 |
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).
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 | $41,761 | $37,117+12.5% | $147,617-71.7% | $55,191-24.3% |
| Participation rate | 67.5% | 63.6%+3.9pp | 84.6%-17.1pp | 69.2%-1.6pp |
| Annual return | 1.13% | 3.44%-2.3pp | 61.98%-60.9pp | 10.78%-9.6pp |
| Employer contribution / active EE | $871 | $1,620-46.3% | $5,565-84.4% | $1,899-54.1% |
| Participant deferral / active EE | $2,995 | $1,985+50.8% | $4,895-38.8% | $3,046-1.7% |
| Admin fee / account holder | $282 | $86+229.9% | $11,611-97.6% | $91+210.9% |