Filed June 18, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $70,631 |
RAYMOND JAMES FINANCIAL SERVICES1+ years Filed as: RAYMOND JAMES AND ASSOC Service code 27 · EIN 59-1237041 | Advisory (Plan) | $55,420 |
MILLER KAPLAN ARASE LLP1+ years Service code 10 · EIN 95-2036255 | Accounting | $12,500 |
Employer contribution per participant 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 | $22,424 | $63,964-64.9% | $147,618-84.8% | $67,505-66.8% |
| Participation rate | 72.8% | 68.6%+4.2pp | 84.6%-11.8pp | 71.2%+1.6pp |
| Annual return | 7.47% | 9.05%-1.6pp | 61.98%-54.5pp | 6.52%+0.9pp |
| Employer contribution / active EE | $2 | $1,618-99.9% | $5,564-100.0% | $2,173-99.9% |
| Participant deferral / active EE | $2,305 | $2,589-11.0% | $4,895-52.9% | $3,597-35.9% |
| Admin fee / account holder | $29 | $43-31.7% | $11,612-99.7% | $56-47.9% |