Filed December 5, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $773,522 |
UBS FINANCIAL SERVICES INC2 years Service code 27 · EIN 13-2638166 | Advisory (Plan) | $301,363 |
Filed as: FIDELITY GLOBAL BROKERAGE GROUP INC Service code 33 · EIN 04-3257666 | Recordkeeping fees; Account maintenan... | $89,864 |
Filed as: SILICON VALLEY ACCOUNTANCY Service code 10 · EIN 77-0573994 | Accounting | $14,000 |
UHY LLP2 years Filed as: UHY ADVISORS MI INC. Service code 10 · EIN 20-0694403 | Accounting | $8,000 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,729 | $97,018-40.5% | $149,696-61.4% | $106,222-45.7% |
| Participation rate | 61.1% | 67.0%-5.8pp | 82.5%-21.3pp | 70.8%-9.7pp |
| Annual return | 20.14% | 24.13%-4.0pp | 276.60%-256.5pp | 21.69%-1.6pp |
| Employer contribution / active EE | $2,561 | $2,520+1.7% | $4,644-44.8% | $2,723-6.0% |
| Participant deferral / active EE | $5,739 | $5,988-4.2% | $6,842-16.1% | $4,600+24.8% |
| Admin fee / account holder | $81 | $72+11.8% | $9,309-99.1% | $78+2.8% |