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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $32,275 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269 | Other Services | $8,598 |
WILSHIRE ASSOCIATES INCORPORATED4+ 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 | $7,677 | $35,485-78.4% | $74,551-89.7% | $55,725-86.2% |
| Participation rate | 98.9% | 62.5%+36.4pp | 69.1%+29.8pp | 70.9%+28.1pp |
| Annual return | -5.21% | 0.72%-5.9pp | 32.53%-37.7pp | 244.93%-250.1pp |
| Employer contribution / active EE | $2,366 | $777+204.4% | $1,961+20.6% | $2,078+13.8% |
| Participant deferral / active EE | $2,208 | $2,181+1.2% | $3,108-29.0% | $3,356-34.2% |
| Admin fee / account holder | $69 | $114-39.7% | $5,059-98.6% | $115-40.1% |