Filed July 2, 2018 (most recent of 5 filings on file)
Total covered: 37 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $29,597 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $14,329 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Filed as: WILSHITRE ASSOCIATES INCORPORATED Service code 27 | 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.
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).
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 | $11,712 | $46,516-74.8% | $147,614-92.1% | $69,651-83.2% |
| Participation rate | 3.0% | 65.8%-62.8pp | 84.6%-81.6pp | 66.6%-63.5pp |
| Annual return | 5.81% | 9.48%-3.7pp | 61.98%-56.2pp | 53.77%-48.0pp |
| Employer contribution / active EE | $25 | $1,393-98.2% | $5,564-99.6% | $2,241-98.9% |
| Participant deferral / active EE | $88 | $2,719-96.8% | $4,895-98.2% | $3,635-97.6% |
| Admin fee / account holder | $61 | $45+36.3% | $11,611-99.5% | $63-3.5% |