Filed January 23, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $103,883 |
SAGEVIEW ADVISORY GROUP, LLC2 years Filed as: SAGEVIEW ADVISORY CONSULTING GROUP Service code 27 · EIN 33-0818667 | Advisory (Plan) | $39,046 |
Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 13 · EIN 71-0294708 | Contract Administrator | $0 |
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).
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 | $110,989 | $51,620+115.0% | $90,304+22.9% | $65,185+70.3% |
| Participation rate | 89.9% | 68.6%+21.2pp | 73.3%+16.6pp | 70.2%+19.7pp |
| Annual return | 24.44% | 24.94%-0.5pp | 78.13%-53.7pp | 29.38%-4.9pp |
| Employer contribution / active EE | $9,275 | $2,235+315.1% | $2,855+224.9% | $2,177+326.1% |
| Participant deferral / active EE | $8,223 | $2,871+186.5% | $3,885+111.7% | $3,514+134.0% |
| Admin fee / account holder | $579 | $384+50.6% | $5,354-89.2% | $847-31.7% |