Filed February 12, 2019 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $181,005 |
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT INC. Service code 27 · EIN 33-0905143 | Advisory (Plan) | $92,361 |
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 82-3719843 | Contract Administrator | $12,905 |
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDING, LLC Service code 13 | Contract Administrator | $12,014 |
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS, LLC Service code 13 · EIN 82-3719843 | Contract Administrator | $5,380 |
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $104,498 | $58,344+79.1% | $98,508+6.1% | $86,828+20.4% |
| Participation rate | 67.6% | 68.4%-0.8pp | 73.3%-5.7pp | 72.3%-4.7pp |
| Annual return | 12.61% | 43.47%-30.9pp | 1495.22%-1482.6pp | 97.95%-85.3pp |
| Employer contribution / active EE | $2,453 | $2,008+22.2% | $2,961-17.2% | $2,406+1.9% |
| Participant deferral / active EE | $3,648 | $3,156+15.6% | $4,276-14.7% | $4,132-11.7% |
| Admin fee / account holder | $383 | $138+178.1% | $5,956-93.6% | $170+126.0% |