Filed December 7, 2022
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| Provider | Service type | Compensation |
|---|---|---|
JANNEY MONTGOMERY SCOTT LLC2 years Service code 17 · EIN 23-0731260 | Pension Consulting | $101,643 |
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,620 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $84,762 | $82,188+3.1% | $125,391-32.4% | $64,824+30.8% |
| Participation rate | 99.2% | 77.9%+21.3pp | 82.4%+16.8pp | 71.5%+27.7pp |
| Annual return | -14.72% | 3.50%-18.2pp | 572.41%-587.1pp | 32.84%-47.6pp |
| Employer contribution / active EE | $3,419 | $3,617-5.5% | $4,816-29.0% | $2,507+36.4% |
| Participant deferral / active EE | $5,122 | $7,177-28.6% | $7,448-31.2% | $4,311+18.8% |
| Admin fee / account holder | $383 | $163+134.9% | $10,009-96.2% | $188+104.1% |