Filed July 15, 2015
Total covered: 2 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $15,709 |
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $5,404 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,478 | $38,925-83.4% | $73,836-91.2% | $55,191-88.3% |
| Participation rate | 52.9% | 66.0%-13.2pp | 73.4%-20.6pp | 69.2%-16.3pp |
| Annual return | 7.26% | 6.31%+0.9pp | 2268.06%-2260.8pp | 10.78%-3.5pp |
| Employer contribution / active EE | $459 | $1,695-72.9% | $2,787-83.5% | $1,899-75.8% |
| Participant deferral / active EE | $580 | $2,351-75.3% | $3,583-83.8% | $3,046-81.0% |
| Admin fee / account holder | $35 | $83-58.3% | $4,882-99.3% | $91-62.0% |