Filed December 1, 2017
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| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC1+ years Filed as: NFP ADVISOR SERVICES LLC Service code 49 · EIN 74-2794194 | Other Services | $16,842 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,678 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $39,170 | $41,854-6.4% | $73,836-47.0% | $52,331-25.1% |
| Participation rate | 55.9% | 66.2%-10.3pp | 73.4%-17.5pp | 68.1%-12.2pp |
| Annual return | -0.85% | 2.11%-3.0pp | 2268.06%-2268.9pp | 4.54%-5.4pp |
| Employer contribution / active EE | $11 | $1,920-99.4% | $2,787-99.6% | $1,882-99.4% |
| Participant deferral / active EE | $3,629 | $2,498+45.3% | $3,583+1.3% | $3,022+20.1% |
| Admin fee / account holder | $20 | $493-96.0% | $4,882-99.6% | $592-96.7% |