Filed August 28, 2015
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $31,510 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $22,336 |
COMPASS 360, LLC1 year Filed as: COMPASS RETIREMENT CONSULTING GROUP Service code 13 · EIN 20-4795685 | Contract Administrator | $8,508 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,813 | $79,171-1.7% | $102,423-24.0% | $74,495+4.5% |
| Participation rate | 99.0% | 74.8%+24.2pp | 76.5%+22.6pp | 67.2%+31.8pp |
| Annual return | 10.35% | 54.93%-44.6pp | 29.32%-19.0pp | 1364.94%-1354.6pp |
| Employer contribution / active EE | $2,454 | $2,362+3.9% | $3,023-18.8% | $2,623-6.5% |
| Participant deferral / active EE | $3,711 | $4,415-15.9% | $5,053-26.5% | $4,346-14.6% |
| Admin fee / account holder | $496 | $2,001-75.2% | $9,451-94.8% | $1,942-74.5% |