Filed August 17, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SECURITIES AMERICA INC4+ years Filed as: BB&T SECURITIES LLC Service code 49 · EIN 20-5817590 | Other Services | $15,085 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $8,354 |
WILSHIRE ASSOCIATES INCORPORATED4+ 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).
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 | $28,301 | $47,977-41.0% | $154,111-81.6% | $56,287-49.7% |
| Participation rate | 40.0% | 66.2%-26.2pp | 83.0%-43.0pp | 69.9%-29.9pp |
| Annual return | -6.63% | 3.54%-10.2pp | 735.18%-741.8pp | -9.96%+3.3pp |
| Employer contribution / active EE | $257 | $2,169-88.1% | $5,298-95.1% | $2,111-87.8% |
| Participant deferral / active EE | $2,218 | $2,392-7.2% | $5,081-56.3% | $3,350-33.8% |
| Admin fee / account holder | $85 | $438-80.5% | $13,411-99.4% | $521-83.6% |