Filed August 28, 2015
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $28,847 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC- RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $14,795 |
AMERICAN FUNDS7+ years Filed as: CAPITAL ADVISORY GROUP ADVISORY SVC Service code 27 · EIN 45-2156557 | Advisory (Plan) | $5,526 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,349 | $65,435-20.0% | $86,677-39.6% | $66,914-21.8% |
| Participation rate | 100.0% | 75.5%+24.5pp | 76.6%+23.4pp | 69.8%+30.2pp |
| Annual return | -16.12% | -10.89%-5.2pp | 35.91%-52.0pp | 1.58%-17.7pp |
| Employer contribution / active EE | $2,436 | $2,153+13.2% | $2,836-14.1% | $2,544-4.2% |
| Participant deferral / active EE | $3,152 | $4,100-23.1% | $4,656-32.3% | $4,237-25.6% |
| Admin fee / account holder | $362 | $642-43.6% | $7,493-95.2% | $593-39.1% |