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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $28,401 |
Filed as: MERRILL LYNCH LIFE AGENCY INC. Service code 49 | Other Services | $6,815 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $0 |
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $7,010 | $37,044-81.1% | $71,796-90.2% | $57,658-87.8% |
| Participation rate | 99.2% | 61.1%+38.1pp | 69.1%+30.1pp | 70.2%+29.0pp |
| Annual return | 13.96% | 12.64%+1.3pp | 78.04%-64.1pp | 5.13%+8.8pp |
| Employer contribution / active EE | $1,878 | $720+160.8% | $1,924-2.4% | $1,974-4.8% |
| Participant deferral / active EE | $2,180 | $1,974+10.4% | $2,794-22.0% | $3,061-28.8% |
| Admin fee / account holder | $90 | $101-11.0% | $4,815-98.1% | $95-4.9% |