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 | $150,494-40.9% | $199,883-55.5% | $100,573-11.6% |
| Participation rate | 99.8% | 91.1%+8.8pp | 86.8%+13.1pp | 70.9%+28.9pp |
| Annual return | 23.63% | 16.14%+7.5pp | 43.81%-20.2pp | 18.89%+4.7pp |
| Employer contribution / active EE | $4,697 | $5,383-12.8% | $6,261-25.0% | $3,763+24.8% |
| Participant deferral / active EE | $6,663 | $9,302-28.4% | $9,138-27.1% | $4,921+35.4% |
| Admin fee / account holder | $146 | $162-10.3% | $17,268-99.2% | $454-67.9% |