Filed February 18, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $22,789 |
MMA SECURITIES LLC4+ years Filed as: MMC SECURITIES LLC Service code 49 · EIN 06-1685865 | Other Services | $8,989 |
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 | $17,255 | $37,196-53.6% | $154,108-88.8% | $55,725-69.0% |
| Participation rate | 81.9% | 64.1%+17.8pp | 83.0%-1.1pp | 70.9%+11.0pp |
| Annual return | -2.56% | 1319.68%-1322.2pp | 735.21%-737.8pp | 244.93%-247.5pp |
| Employer contribution / active EE | $3 | $1,614-99.8% | $5,298-99.9% | $2,078-99.9% |
| Participant deferral / active EE | $2,780 | $2,068+34.4% | $5,081-45.3% | $3,356-17.1% |
| Admin fee / account holder | $92 | $102-9.0% | $13,411-99.3% | $115-19.7% |