Filed October 2, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $83,742 |
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 16 · EIN 93-0987232 | Consulting | $45,579 |
BBM FINANCIAL SERVICES, INC6+ years Filed as: BBM FINANCIAL SERVICES INC Service code 13 · EIN 91-0967757 | Contract Administrator | $10,274 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $100,338 | $65,582+53.0% | $64,101+56.5% | $71,511+40.3% |
| Participation rate | 95.6% | 73.2%+22.4pp | 72.3%+23.3pp | 67.9%+27.7pp |
| Annual return | 12.09% | 18.96%-6.9pp | 33.72%-21.6pp | 28.86%-16.8pp |
| Employer contribution / active EE | $7,223 | $2,671+170.5% | $2,749+162.8% | $2,589+179.0% |
| Participant deferral / active EE | $8,362 | $3,628+130.5% | $3,881+115.5% | $4,291+94.9% |
| Admin fee / account holder | $352 | $616-42.9% | $3,070-88.5% | $1,588-77.9% |