Filed November 24, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $97,225 |
IMA WEALTH INC2+ years Service code 27 · EIN 48-1233289 | Advisory (Plan) | $34,986 |
STOCKMAN KAST RYAN1 year Filed as: STOCKMAN KAST RYAN & CO Service code 10 · EIN 84-1509584 | Accounting | $8,750 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,420 | $52,626-80.2% | $98,483-89.4% | $93,010-88.8% |
| Participation rate | 31.1% | 65.3%-34.3pp | 73.3%-42.3pp | 73.9%-42.8pp |
| Annual return | 15.87% | 16.95%-1.1pp | 1494.38%-1478.5pp | 158.70%-142.8pp |
| Employer contribution / active EE | $287 | $1,894-84.8% | $2,961-90.3% | $2,705-89.4% |
| Participant deferral / active EE | $205 | $2,907-92.9% | $4,276-95.2% | $4,561-95.5% |
| Admin fee / account holder | $103 | $102+0.5% | $5,953-98.3% | $152-32.2% |