Filed December 5, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $575,263 |
Filed as: UBS FINANCIAL SERVICES IINC Service code 27 · EIN 13-2638166 | Advisory (Plan) | $269,959 |
Filed as: SILICON VALLEY ACCOUNTANCY Service code 10 · EIN 77-0573994 | Accounting | $22,464 |
HCL AMERICA1 year Filed as: HCL AMERICA INC. Service code 49 | Other Services | $14,436 |
UHY LLP1 year Filed as: UHY ADVISORS MI INC Service code 10 | Accounting | $12,500 |
Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC Service code 33 · EIN 04-3257666 | Recordkeeping fees; Account maintenan... | $12,482 |
Service code 27 | Advisory (Plan) | $263 |
HCL AMERICA1 year Filed as: HCL AMERICA INC Service code 49 · EIN 77-0205035 | Other Services | $0 |
UHY LLP1 year Filed as: UHY ADVISORS MI INC. Service code 10 · EIN 20-0694403 | Accounting | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $45,366 | $81,548-44.4% | $141,162-67.9% | $89,569-49.4% |
| Participation rate | 61.9% | 64.9%-3.0pp | 82.5%-20.6pp | 69.6%-7.7pp |
| Annual return | 34.94% | 47.43%-12.5pp | 71.39%-36.5pp | 34.56%+0.4pp |
| Employer contribution / active EE | $2,026 | $2,272-10.8% | $4,735-57.2% | $2,584-21.6% |
| Participant deferral / active EE | $4,985 | $5,280-5.6% | $6,709-25.7% | $4,220+18.1% |
| Admin fee / account holder | $68 | $68-0.4% | $10,261-99.3% | $72-5.3% |