Filed January 22, 2012 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INS CO Service code 13 · EIN 42-0127290 | Contract Administrator | $80,493 |
S B H U LIFE AGENCY INC4 years Service code 49 | Other Services | $12,829 |
ASSOCIATED PENSION CONSULTANTS7+ years Service code 13 · EIN 11-3271022 | Contract Administrator | $9,789 |
FASTEN HALBERSTAM LLP1 year Service code 10 · EIN 47-2319109 | Accounting | $6,000 |
Filed as: MORNINGSTAIR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 | Advisory (Participants) | $0 |
S B H U LIFE AGENCY INC4 years Filed as: S B H U LIFE AGENCY Service code 49 · EIN 13-2896238 | Other Services | $0 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,341 | $45,000+38.5% | $143,757-56.6% | $77,904-20.0% |
| Participation rate | 8.4% | 66.8%-58.4pp | 80.3%-71.9pp | 73.7%-65.2pp |
| Annual return | -11.40% | 29.03%-40.4pp | -0.04%-11.4pp | 12.21%-23.6pp |
| Employer contribution / active EE | $122 | $1,870-93.5% | $4,951-97.5% | $2,848-95.7% |
| Participant deferral / active EE | $571 | $3,157-81.9% | $5,637-89.9% | $4,806-88.1% |
| Admin fee / account holder | $477 | $98+384.2% | $14,673-96.8% | $133+259.6% |