Filed November 18, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $59,059 |
LOCKTON INVESTMENT ADVISORS, LLC5+ years Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 20-8874282 | Advisory (Plan) | $28,526 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,394 | $66,813-0.6% | $100,516-33.9% | $73,488-9.7% |
| Participation rate | 78.4% | 77.5%+1.0pp | 79.4%-1.0pp | 70.7%+7.8pp |
| Annual return | 17.38% | 25.70%-8.3pp | 30.89%-13.5pp | 28.51%-11.1pp |
| Employer contribution / active EE | $2,375 | $2,147+10.6% | $3,418-30.5% | $2,270+4.6% |
| Participant deferral / active EE | $7,986 | $5,883+35.8% | $6,270+27.4% | $3,740+113.6% |
| Admin fee / account holder | $356 | $512-30.5% | $8,081-95.6% | $513-30.7% |