Filed May 22, 2018
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,910 |
RIVER AND MERCANTILE LLC2+ years Filed as: RIVER SOURCE LIFE INSURANCE COMPANY Service code 27 · EIN 41-0823832 | Advisory (Plan) | $90 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,071 | $55,453-76.4% | $170,435-92.3% | $62,293-79.0% |
| Participation rate | 15.8% | 66.4%-50.6pp | 83.6%-67.8pp | 69.5%-53.7pp |
| Annual return | 33.27% | 21.38%+11.9pp | 205.94%-172.7pp | 28.90%+4.4pp |
| Employer contribution / active EE | $318 | $2,164-85.3% | $5,432-94.1% | $2,042-84.4% |
| Participant deferral / active EE | $677 | $2,303-70.6% | $4,939-86.3% | $3,169-78.6% |
| Admin fee / account holder | $115 | $455-74.6% | $13,881-99.2% | $479-75.9% |