Filed September 1, 2023 (most recent of 2 filings on file)
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
PENSIONMARK FINANCIAL GROUP LLC1+ years Filed as: PENSIONMARK RETIREMENT GROUP Service code 27 · EIN 61-1758632 | Advisory (Plan) | $5,007 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $1,249 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $16,010 | $46,732-65.7% | $156,551-89.8% | $55,167-71.0% |
| Participation rate | 35.1% | 65.8%-30.7pp | 84.0%-48.9pp | 69.0%-33.9pp |
| Annual return | 1.80% | 17.72%-15.9pp | 32.23%-30.4pp | 169.23%-167.4pp |
| Employer contribution / active EE | $0 | $2,105-100.0% | $5,501-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $917 | $2,204-58.4% | $4,871-81.2% | $3,054-70.0% |
| Admin fee / account holder | $23 | $418-94.5% | $13,028-99.8% | $504-95.4% |