Filed May 1, 2024
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
GOLDMAN SACHS1 year Filed as: UNITED CAPITAL FINANCIAL ADVISORS Service code 27 · EIN 27-0493248 | Advisory (Plan) | $5,425 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,780 |
WILSHIRE ASSOCIATES INCORPORATED2+ 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $41,878 | $46,732-10.4% | $156,551-73.2% | $55,167-24.1% |
| Participation rate | 39.4% | 65.8%-26.4pp | 84.0%-44.6pp | 69.0%-29.6pp |
| Annual return | 6.86% | 17.72%-10.9pp | 32.23%-25.4pp | 169.23%-162.4pp |
| Employer contribution / active EE | $336 | $2,105-84.0% | $5,501-93.9% | $1,963-82.9% |
| Participant deferral / active EE | $1,597 | $2,204-27.6% | $4,871-67.2% | $3,054-47.7% |
| Admin fee / account holder | $30 | $418-92.9% | $13,028-99.8% | $504-94.1% |