Filed August 24, 2023 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $198,587 |
NFP RETIREMENT INC5 years Filed as: NFP RETIRMENT, INC Service code 27 · EIN 33-0905143 | Advisory (Plan) | $50,000 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $88,920 | $160,882-44.7% | $200,582-55.7% | $102,872-13.6% |
| Participation rate | 99.8% | 91.2%+8.7pp | 86.9%+12.9pp | 73.0%+26.8pp |
| Annual return | 23.63% | 18.15%+5.5pp | 42.33%-18.7pp | 19.06%+4.6pp |
| Employer contribution / active EE | $4,697 | $5,602-16.2% | $6,419-26.8% | $3,526+33.2% |
| Participant deferral / active EE | $6,663 | $9,300-28.4% | $9,331-28.6% | $5,535+20.4% |
| Admin fee / account holder | $146 | $125+16.8% | $16,305-99.1% | $292-50.1% |