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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $53,177 |
IVC WEALTH ADVISORS LLC2+ years Filed as: IVC WEALTH ADVISORS, LLC Service code 27 · EIN 47-1654678 | Advisory (Plan) | $22,500 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,209 | $91,474-18.9% | $135,982-45.4% | $71,529+3.7% |
| Participation rate | 64.2% | 75.7%-11.5pp | 81.9%-17.7pp | 67.9%-3.7pp |
| Annual return | 17.23% | 29.89%-12.7pp | 68.32%-51.1pp | 28.97%-11.7pp |
| Employer contribution / active EE | $0 | $3,705-100.0% | $4,859-100.0% | $2,590-100.0% |
| Participant deferral / active EE | $11,771 | $7,095+65.9% | $7,760+51.7% | $4,291+174.3% |
| Admin fee / account holder | $284 | $1,267-77.6% | $10,767-97.4% | $1,588-82.1% |