Filed July 7, 2021
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $16,435 |
Filed as: IHT WEALTH MANAGEMENT Service code 27 · EIN 46-5509437 | Advisory (Plan) | $10,789 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,364 | $45,126-10.6% | $85,187-52.6% | $74,459-45.8% |
| Participation rate | 53.6% | 49.4%+4.2pp | 67.5%-14.0pp | 67.2%-13.7pp |
| Annual return | 15.76% | 26.30%-10.5pp | 66.67%-50.9pp | 1369.70%-1353.9pp |
| Employer contribution / active EE | $1,721 | $1,460+17.9% | $2,732-37.0% | $2,626-34.4% |
| Participant deferral / active EE | $3,732 | $2,738+36.3% | $4,525-17.5% | $4,350-14.2% |
| Admin fee / account holder | $103 | $2,212-95.3% | $6,162-98.3% | $1,945-94.7% |