Filed April 6, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $21,743 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $13,031 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $42,882 | $64,954-34.0% | $115,752-63.0% | $62,293-31.2% |
| Participation rate | 57.1% | 73.0%-15.9pp | 77.8%-20.7pp | 69.5%-12.4pp |
| Annual return | 62.93% | 24.87%+38.1pp | 19.41%+43.5pp | 28.90%+34.0pp |
| Employer contribution / active EE | $2,754 | $2,344+17.5% | $3,492-21.2% | $2,042+34.8% |
| Participant deferral / active EE | $5,627 | $3,665+53.5% | $5,204+8.1% | $3,169+77.6% |
| Admin fee / account holder | $212 | $414-48.7% | $6,278-96.6% | $479-55.8% |