Filed February 18, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $15,471 |
MMA SECURITIES LLC1+ years Filed as: MMC SECURITIES LLC Service code 49 · EIN 06-1685865 | Other Services | $5,049 |
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,092 | $46,360-67.4% | $147,614-89.8% | $52,331-71.2% |
| Participation rate | 75.3% | 64.9%+10.3pp | 84.6%-9.4pp | 68.1%+7.2pp |
| Annual return | -0.32% | 1.62%-1.9pp | 61.98%-62.3pp | 4.54%-4.9pp |
| Employer contribution / active EE | $0 | $2,126-100.0% | $5,564-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $2,460 | $2,258+9.0% | $4,895-49.7% | $3,022-18.6% |
| Admin fee / account holder | $102 | $766-86.7% | $11,611-99.1% | $592-82.8% |