Filed November 24, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $90,106 |
IMA WEALTH INC3+ years Service code 27 · EIN 48-1233289 | Advisory (Plan) | $42,155 |
STOCKMAN KAST RYAN1 year Filed as: STOCKMAN KAST RYAN & COM Service code 10 · EIN 84-1509584 | Accounting | $5,093 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,030 | $43,113-79.1% | $82,719-89.1% | $77,904-88.4% |
| Participation rate | 32.4% | 63.8%-31.4pp | 72.6%-40.1pp | 73.7%-41.2pp |
| Annual return | -16.90% | 2.60%-19.5pp | 701.18%-718.1pp | 12.21%-29.1pp |
| Employer contribution / active EE | $423 | $1,924-78.0% | $3,009-85.9% | $2,848-85.1% |
| Participant deferral / active EE | $242 | $3,057-92.1% | $4,395-94.5% | $4,806-95.0% |
| Admin fee / account holder | $99 | $102-3.4% | $5,329-98.1% | $133-25.5% |