Filed August 31, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,813 |
WEALTHPLAN ADVISORS LLC1+ years Filed as: WEALTHPLAN ADVISORS INC Service code 27 · EIN 26-4646168 | Advisory (Plan) | $7,211 |
Annual investment return 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).
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 | $8,374 | $37,134-77.4% | $100,671-91.7% | $52,331-84.0% |
| Participation rate | 80.3% | 57.7%+22.7pp | 70.7%+9.6pp | 68.1%+12.2pp |
| Annual return | -4.26% | 0.10%-4.4pp | 20.43%-24.7pp | 4.54%-8.8pp |
| Employer contribution / active EE | $367 | $1,187-69.1% | $4,012-90.9% | $1,882-80.5% |
| Participant deferral / active EE | $2,150 | $2,163-0.6% | $3,144-31.6% | $3,022-28.8% |
| Admin fee / account holder | $65 | $467-86.1% | $4,850-98.7% | $592-89.0% |