Filed November 18, 2021
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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS LLC Service code 49 · EIN 41-1416330 | Other Services | $47,210 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $29,770 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $28,899 | $80,005-63.9% | $140,016-79.4% | $55,725-48.1% |
| Participation rate | 98.5% | 87.0%+11.5pp | 87.5%+11.0pp | 70.9%+27.6pp |
| Annual return | -3.52% | 0.46%-4.0pp | 651.12%-654.6pp | 244.93%-248.4pp |
| Employer contribution / active EE | $3,316 | $3,403-2.5% | $5,606-40.8% | $2,078+59.6% |
| Participant deferral / active EE | $7,324 | $5,264+39.1% | $6,927+5.7% | $3,356+118.3% |
| Admin fee / account holder | $59 | $116-48.6% | $10,705-99.4% | $115-48.4% |