Filed December 31, 2018
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| Provider | Service type | Compensation |
|---|---|---|
COMERICA BANK1 year Filed as: COMERICA SECURITIES Service code 49 · EIN 38-2621207 | Other Services | $5,471 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,310 |
COMERICA BANK2+ years Filed as: COMERICA INSURANCE SERVICES INC Service code 49 · EIN 38-3063147 | Other Services | $2,155 |
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 | $41,391 | $63,905-35.2% | $74,184-44.2% | $57,658-28.2% |
| Participation rate | 96.2% | 79.8%+16.4pp | 76.6%+19.6pp | 70.2%+26.0pp |
| Annual return | 10.82% | 60.60%-49.8pp | 17.74%-6.9pp | 5.13%+5.7pp |
| Employer contribution / active EE | $3,106 | $1,840+68.8% | $2,370+31.1% | $1,974+57.4% |
| Participant deferral / active EE | $7,021 | $3,448+103.6% | $3,550+97.8% | $3,061+129.4% |
| Admin fee / account holder | $7 | $91-92.0% | $5,586-99.9% | $95-92.3% |