| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,095,081 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $133,393 |
MERCER1 year Filed as: MERCER INVESTMENT MGMT Service code 16 · EIN 30-0282430 | Consulting | $80,000 |
WILSHIRE ASSOCIATES INCORPORATED5+ 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.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $37,934 | $100,179-62.1% | $84,029-54.9% | $89,609-57.7% |
| Participation rate | 13.5% | 54.1%-40.6pp | 69.0%-55.5pp | 69.6%-56.1pp |
| Annual return | 68.27% | 22.50%+45.8pp | 71.32%-3.1pp | 33.65%+34.6pp |
| Employer contribution / active EE | $77 | $816-90.6% | $1,984-96.1% | $2,584-97.0% |
| Participant deferral / active EE | $258 | $1,459-82.3% | $3,239-92.0% | $4,222-93.9% |
| Admin fee / account holder | $95 | $72+32.1% | $6,102-98.4% | $72+33.0% |