Filed August 24, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $48,200 |
ASCENSUS LLC2+ years Filed as: FARMERS FINANCIAL SOLUTIONS LLC Service code 49 · EIN 77-0530616 | Other Services | $3,932 |
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Annual investment return 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 | $32,092 | $36,916-13.1% | $156,551-79.5% | $57,658-44.3% |
| Participation rate | 85.1% | 63.4%+21.6pp | 84.0%+1.1pp | 70.2%+14.8pp |
| Annual return | 3.82% | 12.38%-8.6pp | 32.23%-28.4pp | 5.13%-1.3pp |
| Employer contribution / active EE | $5,677 | $1,571+261.5% | $5,501+3.2% | $1,974+187.6% |
| Participant deferral / active EE | $3,127 | $1,926+62.4% | $4,871-35.8% | $3,061+2.2% |
| Admin fee / account holder | $161 | $82+95.5% | $13,028-98.8% | $95+70.6% |