Filed February 18, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,097 |
MMA SECURITIES LLC2+ years Filed as: MMC SECURITIES LLC Service code 49 · EIN 06-1685865 | Other Services | $5,268 |
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 | $15,940 | $46,732-65.9% | $156,551-89.8% | $55,167-71.1% |
| Participation rate | 76.5% | 65.8%+10.7pp | 84.0%-7.5pp | 69.0%+7.5pp |
| Annual return | 13.27% | 17.72%-4.4pp | 32.23%-19.0pp | 169.23%-156.0pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $2,663 | $2,204+20.8% | $4,871-45.3% | $3,054-12.8% |
| Admin fee / account holder | $77 | $418-81.5% | $13,028-99.4% | $504-84.7% |