Filed December 31, 2018
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| Provider | Service type | Compensation |
|---|---|---|
COMERICA BANK3 years Filed as: COMERICA SECURITIES Service code 49 · EIN 38-2621207 | Other Services | $6,901 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $5,426 |
COMERICA BANK4+ years Filed as: COMERICA INSURANCE SERVICES INC Service code 49 · EIN 38-3063147 | Other Services | $3,000 |
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 | $48,696 | $65,118-25.2% | $76,767-36.6% | $55,725-12.6% |
| Participation rate | 85.3% | 79.6%+5.7pp | 77.0%+8.3pp | 70.9%+14.5pp |
| Annual return | -5.46% | -1.27%-4.2pp | 2.43%-7.9pp | 244.93%-250.4pp |
| Employer contribution / active EE | $2,869 | $1,941+47.8% | $2,485+15.4% | $2,078+38.0% |
| Participant deferral / active EE | $8,471 | $3,688+129.7% | $3,852+119.9% | $3,356+152.4% |
| Admin fee / account holder | $11 | $116-90.7% | $6,675-99.8% | $115-90.7% |