Filed July 31, 2020
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| Provider | Service type | Compensation |
|---|---|---|
SIGNATURE ESTATE & INVESTMENT1+ years Filed as: SIGNATURE ESTATE & INVESTMT ADVISOR Service code 27 · EIN 95-4806910 | Advisory (Plan) | $37,547 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $30,610 |
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 that benefits due were not provided when due.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,060 | $101,499-26.0% | $147,005-48.9% | $74,546+0.7% |
| Participation rate | 46.9% | 75.5%-28.6pp | 82.2%-35.3pp | 67.2%-20.3pp |
| Annual return | 22.07% | 8732.34%-8710.3pp | 418.76%-396.7pp | 1366.03%-1344.0pp |
| Employer contribution / active EE | $1,337 | $3,811-64.9% | $4,934-72.9% | $2,624-49.1% |
| Participant deferral / active EE | $3,788 | $7,304-48.1% | $8,070-53.1% | $4,347-12.9% |
| Admin fee / account holder | $431 | $1,748-75.3% | $13,006-96.7% | $1,944-77.8% |