Filed April 6, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC1+ years Filed as: NFP ADVISOR SERVICES LLC Service code 27 · EIN 74-2794194 | Advisory (Plan) | $14,303 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,094 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $32,162 | $72,177-55.4% | $115,038-72.0% | $59,633-46.1% |
| Participation rate | 65.3% | 72.6%-7.2pp | 81.4%-16.1pp | 68.7%-3.4pp |
| Annual return | 0.53% | 12.02%-11.5pp | 26.14%-25.6pp | 2041.45%-2040.9pp |
| Employer contribution / active EE | $3,213 | $2,841+13.1% | $4,608-30.3% | $2,203+45.9% |
| Participant deferral / active EE | $6,294 | $4,783+31.6% | $6,026+4.4% | $3,192+97.2% |
| Admin fee / account holder | $172 | $4,927-96.5% | $8,175-97.9% | $4,297-96.0% |