Filed February 12, 2019 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $215,154 |
NFP RETIREMENT INC4 years Filed as: NFP RETIREMENT INC. Service code 27 · EIN 33-0905143 | Advisory (Plan) | $107,019 |
Filed as: CREATIVE RETIREMENT PLAN CONSULTING Service code 13 · EIN 84-2276766 | Contract Administrator | $25,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $85,319 | $50,919+67.6% | $155,556-45.2% | $77,762+9.7% |
| Participation rate | 91.1% | 63.1%+28.0pp | 78.2%+12.9pp | 70.6%+20.5pp |
| Annual return | 10.69% | 34.84%-24.1pp | 64.84%-54.1pp | 31.27%-20.6pp |
| Employer contribution / active EE | $2,629 | $1,991+32.0% | $4,675-43.8% | $2,728-3.6% |
| Participant deferral / active EE | $4,617 | $2,824+63.5% | $5,631-18.0% | $4,651-0.7% |
| Admin fee / account holder | $302 | $437-31.0% | $15,885-98.1% | $433-30.3% |