Filed February 12, 2019 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $183,413 |
NFP RETIREMENT INC3 years Filed as: NFP RETIREMENT INC. Service code 27 · EIN 33-0905143 | Advisory (Plan) | $93,141 |
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 13 | Contract Administrator | $23,512 |
ASCENSUS LLC3 years Filed as: ASCENSUS HOLDINGS, LLC Service code 13 · EIN 82-3719843 | Contract Administrator | $7,327 |
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.)
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 | $96,562 | $47,173+104.7% | $149,740-35.5% | $74,478+29.7% |
| Participation rate | 67.5% | 63.4%+4.1pp | 78.8%-11.3pp | 70.7%-3.3pp |
| Annual return | 14.92% | 22.75%-7.8pp | 134.51%-119.6pp | 34.37%-19.4pp |
| Employer contribution / active EE | $2,465 | $1,903+29.5% | $4,821-48.9% | $2,637-6.5% |
| Participant deferral / active EE | $3,946 | $2,730+44.6% | $5,683-30.6% | $4,530-12.9% |
| Admin fee / account holder | $318 | $343-7.3% | $13,222-97.6% | $347-8.4% |