Filed August 28, 2015
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $39,658 |
AMERICAN FUNDS2+ years Filed as: CAPITAL ADVISORY GROUP ADVISORY SVC Service code 27 · EIN 45-2156557 | Advisory (Plan) | $18,747 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,104 | $67,606+0.7% | $82,313-17.3% | $70,131-2.9% |
| Participation rate | 88.7% | 72.8%+15.9pp | 76.9%+11.8pp | 69.5%+19.1pp |
| Annual return | 14.73% | 21.57%-6.8pp | 25.88%-11.1pp | 73.14%-58.4pp |
| Employer contribution / active EE | $2,251 | $1,755+28.3% | $2,428-7.3% | $2,342-3.9% |
| Participant deferral / active EE | $3,333 | $2,987+11.6% | $3,706-10.1% | $3,3320% |
| Admin fee / account holder | $431 | $4,512-90.4% | $5,608-92.3% | $4,645-90.7% |