Filed October 12, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: KESTRA ADVISORY SERVICES Service code 16 · EIN 35-2552359 | Consulting | $60,118 |
Filed as: SILICON VALLEY ACCOUNTANCY Service code 10 · EIN 77-0573994 | Accounting | $27,000 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,354 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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 | $48,785 | $38,989+25.1% | $117,039-58.3% | $77,958-37.4% |
| Participation rate | 27.7% | 57.0%-29.2pp | 77.2%-49.4pp | 71.6%-43.9pp |
| Annual return | 11.79% | 20.61%-8.8pp | 18.95%-7.2pp | 20.87%-9.1pp |
| Employer contribution / active EE | $83 | $1,026-91.9% | $3,785-97.8% | $2,310-96.4% |
| Participant deferral / active EE | $922 | $1,621-43.1% | $3,929-76.5% | $3,537-73.9% |
| Admin fee / account holder | $81 | $76+6.6% | $5,974-98.7% | $97-17.3% |