Filed November 9, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $33,883 |
Filed as: VOYA FINANCIAL ADVISORS INC Service code 27 · EIN 41-0945505 | Advisory (Plan) | $7,277 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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).
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 | $8,254 | $46,100-82.1% | $86,590-90.5% | $69,631-88.1% |
| Participation rate | 80.5% | 67.2%+13.3pp | 73.5%+6.9pp | 70.7%+9.8pp |
| Annual return | 17.03% | 21.02%-4.0pp | 964.84%-947.8pp | 27571.02%-27554.0pp |
| Employer contribution / active EE | $284 | $1,850-84.6% | $2,839-90.0% | $2,032-86.0% |
| Participant deferral / active EE | $907 | $2,432-62.7% | $3,609-74.9% | $3,224-71.9% |
| Admin fee / account holder | $71 | $94-24.4% | $4,906-98.6% | $110-35.8% |