Filed August 17, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC3+ years Filed as: BB&T SECURITIES LLC Service code 49 · EIN 20-5817590 | Other Services | $14,028 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,761 |
WILSHIRE ASSOCIATES INCORPORATED3+ 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.
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 | $38,708 | $55,453-30.2% | $170,435-77.3% | $62,293-37.9% |
| Participation rate | 35.8% | 66.4%-30.6pp | 83.6%-47.8pp | 69.5%-33.8pp |
| Annual return | 15.43% | 21.38%-5.9pp | 205.94%-190.5pp | 28.90%-13.5pp |
| Employer contribution / active EE | $101 | $2,164-95.3% | $5,432-98.1% | $2,042-95.1% |
| Participant deferral / active EE | $1,912 | $2,303-17.0% | $4,939-61.3% | $3,169-39.7% |
| Admin fee / account holder | $104 | $455-77.1% | $13,881-99.2% | $479-78.2% |