Filed May 26, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $36,859 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $36,300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $21,017 | $70,083-70.0% | $59,899-64.9% | $55,725-62.3% |
| Participation rate | 60.8% | 78.4%-17.5pp | 74.7%-13.9pp | 70.9%-10.0pp |
| Annual return | 6.53% | 3.13%+3.4pp | 3.46%+3.1pp | 244.93%-238.4pp |
| Employer contribution / active EE | $1,352 | $2,878-53.0% | $2,723-50.3% | $2,078-34.9% |
| Participant deferral / active EE | $0 | $3,079-100.0% | $3,402-100.0% | $3,356-100.0% |
| Admin fee / account holder | $85 | $70+21.2% | $3,592-97.6% | $115-26.0% |