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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,054 |
WILSHIRE ASSOCIATES INCORPORATED3+ 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $39,330 | $50,637-22.3% | $86,582-54.6% | $62,293-36.9% |
| Participation rate | 67.8% | 67.9%-0.1pp | 73.5%-5.7pp | 69.5%-1.7pp |
| Annual return | 16.23% | 20.80%-4.6pp | 965.08%-948.9pp | 28.90%-12.7pp |
| Employer contribution / active EE | $312 | $2,075-85.0% | $2,839-89.0% | $2,042-84.7% |
| Participant deferral / active EE | $2,174 | $2,611-16.7% | $3,609-39.8% | $3,169-31.4% |
| Admin fee / account holder | $166 | $413-59.9% | $4,904-96.6% | $479-65.4% |