Filed October 2, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 16 · EIN 93-0987232 | Consulting | $42,987 |
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $36,481 |
BBM FINANCIAL SERVICES, INC4+ years Filed as: BBM FINANCIAL SERVICES INC Service code 13 · EIN 91-0967757 | Contract Administrator | $9,405 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $116,995 | $74,706+56.6% | $75,696+54.6% | $79,386+47.4% |
| Participation rate | 70.4% | 75.3%-4.9pp | 74.8%-4.4pp | 70.7%-0.3pp |
| Annual return | 26.43% | 18.52%+7.9pp | 104.53%-78.1pp | 116.85%-90.4pp |
| Employer contribution / active EE | $5,589 | $2,590+115.8% | $2,743+103.8% | $2,427+130.3% |
| Participant deferral / active EE | $6,492 | $3,533+83.7% | $3,821+69.9% | $4,046+60.5% |
| Admin fee / account holder | $421 | $374+12.4% | $3,619-88.4% | $626-32.8% |