Filed May 24, 2016
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,136 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $5,216 |
WILSHIRE ASSOCIATES INCORPORATED6+ 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,113 | $91,517-58.4% | $101,275-62.4% | $73,412-48.1% |
| Participation rate | 28.1% | 73.8%-45.7pp | 75.8%-47.7pp | 72.2%-44.1pp |
| Annual return | 23.54% | 17.17%+6.4pp | 46.48%-22.9pp | 59.30%-35.8pp |
| Employer contribution / active EE | $868 | $2,877-69.8% | $3,660-76.3% | $2,234-61.1% |
| Participant deferral / active EE | $1,734 | $3,338-48.1% | $4,371-60.3% | $3,806-54.4% |
| Admin fee / account holder | $143 | $216-33.8% | $5,948-97.6% | $158-9.5% |