Filed October 27, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $21,507 |
VSR FINANCIAL SERVICES INC1+ years Service code 49 · EIN 43-1302302 | Other Services | $10,403 |
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $18,447 | $63,905-71.1% | $74,184-75.1% | $57,658-68.0% |
| Participation rate | 66.1% | 79.8%-13.6pp | 76.6%-10.5pp | 70.2%-4.1pp |
| Annual return | 10.73% | 60.60%-49.9pp | 17.74%-7.0pp | 5.13%+5.6pp |
| Employer contribution / active EE | $1,232 | $1,840-33.1% | $2,370-48.0% | $1,974-37.6% |
| Participant deferral / active EE | $1,816 | $3,448-47.3% | $3,550-48.8% | $3,061-40.7% |
| Admin fee / account holder | $94 | $91+2.7% | $5,586-98.3% | $95-1.1% |