Filed November 30, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $43,768 |
SPECTRUM INVESTMENT ADVISORS1+ years Service code 27 · EIN 39-1828175 | Advisory (Plan) | $39,807 |
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $32,252 |
MORNINGSTAR1+ years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $162 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,388 | $78,275-34.3% | $109,163-52.9% | $86,813-40.8% |
| Participation rate | 50.7% | 73.8%-23.1pp | 75.9%-25.1pp | 72.3%-21.6pp |
| Annual return | 28.94% | 19.14%+9.8pp | 25.75%+3.2pp | 97.93%-69.0pp |
| Employer contribution / active EE | $1,667 | $3,105-46.3% | $3,723-55.2% | $2,406-30.7% |
| Participant deferral / active EE | $2,800 | $3,641-23.1% | $4,654-39.8% | $4,131-32.2% |
| Admin fee / account holder | $216 | $198+8.8% | $6,754-96.8% | $170+27.4% |