Filed August 17, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC1+ years Filed as: BB&T SECURITIES LLC Service code 49 · EIN 20-5817590 | Other Services | $13,226 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,569 |
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.
Employer 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).
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 | $32,459 | $46,360-30.0% | $147,618-78.0% | $52,331-38.0% |
| Participation rate | 39.5% | 64.9%-25.4pp | 84.6%-45.1pp | 68.1%-28.6pp |
| Annual return | 2.32% | 1.62%+0.7pp | 61.98%-59.7pp | 4.54%-2.2pp |
| Employer contribution / active EE | $86 | $2,126-96.0% | $5,565-98.5% | $1,882-95.4% |
| Participant deferral / active EE | $1,784 | $2,258-21.0% | $4,895-63.6% | $3,022-41.0% |
| Admin fee / account holder | $90 | $766-88.2% | $11,612-99.2% | $592-84.8% |