Filed August 28, 2015
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $44,581 |
AMERICAN FUNDS4+ years Filed as: CAPITAL ADVISORY GROUP ADVISORY SVC Service code 27 · EIN 45-2156557 | Advisory (Plan) | $21,053 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $62,312 | $72,492-14.0% | $87,100-28.5% | $72,985-14.6% |
| Participation rate | 95.9% | 72.8%+23.1pp | 76.9%+19.0pp | 69.5%+26.4pp |
| Annual return | 19.35% | 24.46%-5.1pp | 28.19%-8.8pp | 81.00%-61.7pp |
| Employer contribution / active EE | $2,157 | $1,894+13.9% | $2,521-14.5% | $2,440-11.6% |
| Participant deferral / active EE | $3,041 | $3,270-7.0% | $4,049-24.9% | $3,607-15.7% |
| Admin fee / account holder | $409 | $5,055-91.9% | $7,497-94.5% | $5,124-92.0% |