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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $37,263 |
Filed as: MERRILL LYNCH LIFE AGENCY INC. Service code 49 | Other Services | $7,304 |
Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480 | Other Services | $0 |
WILSHIRE ASSOCIATES INCORPORATED3+ 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 | $8,294 | $48,064-82.7% | $78,778-89.5% | $69,631-88.1% |
| Participation rate | 99.7% | 61.6%+38.1pp | 69.2%+30.5pp | 70.7%+29.0pp |
| Annual return | 20.21% | 21.81%-1.6pp | 35.62%-15.4pp | 27571.02%-27550.8pp |
| Employer contribution / active EE | $2,044 | $744+174.9% | $1,986+2.9% | $2,032+0.6% |
| Participant deferral / active EE | $1,958 | $2,079-5.8% | $2,958-33.8% | $3,224-39.3% |
| Admin fee / account holder | $90 | $152-40.9% | $5,134-98.3% | $110-18.7% |