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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $38,217 |
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269 | Other Services | $9,097 |
WILSHIRE ASSOCIATES INCORPORATED5+ 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 | $11,534 | $40,174-71.3% | $84,023-86.3% | $67,582-82.9% |
| Participation rate | 96.9% | 62.7%+34.2pp | 69.0%+27.9pp | 71.3%+25.6pp |
| Annual return | 23.02% | 25.82%-2.8pp | 71.32%-48.3pp | 378.57%-355.6pp |
| Employer contribution / active EE | $2,115 | $808+161.8% | $1,984+6.6% | $2,148-1.6% |
| Participant deferral / active EE | $1,998 | $2,301-13.2% | $3,239-38.3% | $3,539-43.5% |
| Admin fee / account holder | $88 | $128-31.7% | $6,102-98.6% | $142-38.4% |