Filed February 8, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $21,293 |
NFP RETIREMENT INC1+ years Filed as: NFP ADVISOR SERVICES LLC Service code 27 · EIN 74-2794194 | Advisory (Plan) | $9,720 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,459 | $37,117-53.0% | $147,617-88.2% | $55,191-68.4% |
| Participation rate | 38.2% | 63.6%-25.4pp | 84.6%-46.4pp | 69.2%-30.9pp |
| Annual return | 0.23% | 3.44%-3.2pp | 61.98%-61.8pp | 10.78%-10.5pp |
| Employer contribution / active EE | $114 | $1,620-93.0% | $5,564-98.0% | $1,899-94.0% |
| Participant deferral / active EE | $622 | $1,985-68.7% | $4,895-87.3% | $3,046-79.6% |
| Admin fee / account holder | $100 | $86+17.2% | $11,612-99.1% | $91+10.4% |