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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,273 |
SORENSEN FINANCIAL MANAGEMENT2+ years Filed as: SORENSEN, WESLEY R. Service code 49 5080 SPECTRUM DR · ADDISON, TX 750014636 | Other Services | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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 | $30,829 | $75,183-59.0% | $123,894-75.1% | $55,167-44.1% |
| Participation rate | 85.1% | 72.8%+12.3pp | 81.4%+3.7pp | 69.0%+16.1pp |
| Annual return | 5.26% | 19.01%-13.8pp | 47.52%-42.3pp | 169.23%-164.0pp |
| Employer contribution / active EE | $0 | $2,823-100.0% | $4,617-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $4,065 | $5,084-20.0% | $5,984-32.1% | $3,054+33.1% |
| Admin fee / account holder | $19 | $663-97.2% | $8,357-99.8% | $504-96.3% |