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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,920 | $153,743-42.2% | $197,124-54.9% | $103,975-14.5% |
| Participation rate | 99.8% | 91.1%+8.7pp | 86.7%+13.1pp | 72.5%+27.3pp |
| Annual return | 23.63% | 17.60%+6.0pp | 44.34%-20.7pp | 19.41%+4.2pp |
| Employer contribution / active EE | $4,697 | $5,424-13.4% | $6,227-24.6% | $3,722+26.2% |
| Participant deferral / active EE | $6,663 | $9,152-27.2% | $9,135-27.1% | $5,343+24.7% |
| Admin fee / account holder | $146 | $131+10.8% | $16,298-99.1% | $332-56.2% |