Filed May 26, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $37,493 |
LPL FINANCIAL7 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $36,045 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,643 | $83,884-63.5% | $64,097-52.2% | $74,473-58.9% |
| Participation rate | 37.1% | 76.6%-39.5pp | 72.3%-35.2pp | 70.7%-33.6pp |
| Annual return | 11.16% | 16.57%-5.4pp | 33.75%-22.6pp | 34.36%-23.2pp |
| Employer contribution / active EE | $0 | $3,084-100.0% | $2,750-100.0% | $2,638-100.0% |
| Participant deferral / active EE | $1,464 | $3,692-60.3% | $3,881-62.3% | $4,530-67.7% |
| Admin fee / account holder | $142 | $196-27.7% | $3,070-95.4% | $347-59.2% |