Filed February 20, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: RAYMOND JAMES FIN SVCS ADVISORS Service code 27 · EIN 59-2937883 | Advisory (Plan) | $30,000 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $6,718 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,871 | $58,093+54.7% | $80,022+12.3% | $56,287+59.7% |
| Participation rate | 94.3% | 73.6%+20.7pp | 75.8%+18.5pp | 69.9%+24.4pp |
| Annual return | -5.65% | 34.63%-40.3pp | 11.22%-16.9pp | -9.96%+4.3pp |
| Employer contribution / active EE | $0 | $1,933-100.0% | $2,468-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $3,387 | $3,136+8.0% | $3,686-8.1% | $3,350+1.1% |
| Admin fee / account holder | $24 | $623-96.2% | $6,521-99.6% | $521-95.5% |