Filed November 24, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $115,129 |
IMA WEALTH INC1 year Filed as: IMA ADVISORY SERVICES, INC. Service code 27 · EIN 48-1233289 | Advisory (Plan) | $34,973 |
Filed as: GOODWILL OF COLORADO Service code 10 · EIN 84-0513404 | Accounting | $7,217 |
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 | $10,697 | $55,331-80.7% | $81,812-86.9% | $199,593-94.6% |
| Participation rate | 41.0% | 62.5%-21.5pp | 72.3%-31.4pp | 72.0%-31.0pp |
| Annual return | 12.78% | 19.59%-6.8pp | 773.79%-761.0pp | 34.25%-21.5pp |
| Employer contribution / active EE | $506 | $2,101-75.9% | $2,912-82.6% | $3,034-83.3% |
| Participant deferral / active EE | $323 | $3,283-90.2% | $4,319-92.5% | $5,087-93.7% |
| Admin fee / account holder | $97 | $346-71.8% | $7,386-98.7% | $269-63.8% |