Filed September 4, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $92,010 |
Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 27 · EIN 93-0987232 | Advisory (Plan) | $30,404 |
N&K CPAS, INC.1 year Filed as: B.W.B CPAS Service code 10 · EIN 16-1117932 | Accounting | $5,300 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $60,944 | $58,888+3.5% | $178,499-65.9% | $73,493-17.1% |
| Participation rate | 75.0% | 66.2%+8.8pp | 81.9%-6.9pp | 70.7%+4.3pp |
| Annual return | 10.22% | 24.86%-14.6pp | 151.10%-140.9pp | 28.51%-18.3pp |
| Employer contribution / active EE | $1,714 | $2,236-23.4% | $5,011-65.8% | $2,270-24.5% |
| Participant deferral / active EE | $2,668 | $2,568+3.9% | $5,202-48.7% | $3,740-28.7% |
| Admin fee / account holder | $362 | $400-9.6% | $13,986-97.4% | $513-29.5% |