Filed August 17, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC2+ years Filed as: BB&T SECURITIES LLC Service code 49 · EIN 20-5817590 | Other Services | $14,193 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,148 |
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.
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 | $31,885 | $46,732-31.8% | $156,551-79.6% | $55,167-42.2% |
| Participation rate | 35.4% | 65.8%-30.4pp | 84.0%-48.7pp | 69.0%-33.6pp |
| Annual return | 6.57% | 17.72%-11.1pp | 32.23%-25.7pp | 169.23%-162.7pp |
| Employer contribution / active EE | $99 | $2,105-95.3% | $5,501-98.2% | $1,963-94.9% |
| Participant deferral / active EE | $1,822 | $2,204-17.3% | $4,871-62.6% | $3,054-40.3% |
| Admin fee / account holder | $85 | $418-79.7% | $13,028-99.3% | $504-83.2% |