Filed January 23, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $96,878 |
SAGEVIEW ADVISORY GROUP, LLC6 years Filed as: SAGEVIEW ADVISORY CONSULTING GROUP Service code 27 · EIN 33-0818667 | Advisory (Plan) | $41,202 |
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).
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 | $140,817 | $58,292+141.6% | $86,640+62.5% | $71,511+96.9% |
| Participation rate | 94.9% | 65.0%+29.9pp | 71.7%+23.2pp | 67.9%+27.0pp |
| Annual return | 19.27% | 21.63%-2.4pp | 592.52%-573.2pp | 28.86%-9.6pp |
| Employer contribution / active EE | $10,626 | $2,574+312.8% | $3,024+251.4% | $2,589+310.4% |
| Participant deferral / active EE | $8,379 | $3,438+143.7% | $4,438+88.8% | $4,291+95.3% |
| Admin fee / account holder | $560 | $1,057-47.0% | $5,616-90.0% | $1,588-64.7% |