Filed November 18, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $58,190 |
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING, INC. Service code 27 · EIN 43-1270780 | Advisory (Plan) | $16,753 |
LOCKTON INVESTMENT ADVISORS, LLC7+ years Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 20-8874282 | Advisory (Plan) | $9,287 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $61,695 | $58,320+5.8% | $86,436-28.6% | $66,914-7.8% |
| Participation rate | 69.6% | 78.6%-9.0pp | 80.3%-10.8pp | 69.8%-0.2pp |
| Annual return | -17.26% | -9.71%-7.5pp | 4394.89%-4412.2pp | 1.58%-18.8pp |
| Employer contribution / active EE | $2,029 | $2,615-22.4% | $3,769-46.2% | $2,544-20.2% |
| Participant deferral / active EE | $6,222 | $6,899-9.8% | $6,952-10.5% | $4,237+46.9% |
| Admin fee / account holder | $351 | $546-35.8% | $6,731-94.8% | $593-40.9% |