Filed February 12, 2019 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $171,035 |
NFP RETIREMENT INC2 years Filed as: NFP RETIREMENT INC. Service code 27 · EIN 33-0905143 | Advisory (Plan) | $92,957 |
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 13 | Contract Administrator | $22,694 |
ASCENSUS LLC2 years Filed as: ASCENSUS HOLDINGS, LLC Service code 13 · EIN 82-3719843 | Contract Administrator | $8,071 |
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $95,340 | $46,339+105.7% | $143,801-33.7% | $64,829+47.1% |
| Participation rate | 62.8% | 64.3%-1.4pp | 80.3%-17.5pp | 71.5%-8.7pp |
| Annual return | -10.88% | -10.05%-0.8pp | -0.04%-10.8pp | 32.85%-43.7pp |
| Employer contribution / active EE | $2,517 | $1,911+31.7% | $4,952-49.2% | $2,507+0.4% |
| Participant deferral / active EE | $3,929 | $2,648+48.4% | $5,639-30.3% | $4,312-8.9% |
| Admin fee / account holder | $353 | $154+129.7% | $14,680-97.6% | $188+88.2% |