Filed August 22, 2017 (most recent of 2 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE LINSURANCE COMPANY Service code 13 · EIN 42-0127290 | Contract Administrator | $43,201 |
S B H U LIFE AGENCY INC1 year Service code 49 | Other Services | $14,634 |
S B H U AGENCY INC1 year Service code 49 · EIN 13-2896238 | Other Services | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $68,062 | $89,739-24.2% | $149,716-54.5% | $62,293+9.3% |
| Participation rate | 100.0% | 85.1%+14.9pp | 87.1%+12.9pp | 69.5%+30.5pp |
| Annual return | 19.98% | 21.01%-1.0pp | 1501.67%-1481.7pp | 28.90%-8.9pp |
| Employer contribution / active EE | $2,242 | $3,233-30.6% | $5,444-58.8% | $2,042+9.8% |
| Participant deferral / active EE | $5,384 | $4,797+12.2% | $6,568-18.0% | $3,169+69.9% |
| Admin fee / account holder | $309 | $551-44.0% | $11,282-97.3% | $479-35.6% |