Filed February 8, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $18,431 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $13,649 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,916 | $56,540-50.6% | $185,849-85.0% | $86,821-67.8% |
| Participation rate | 36.8% | 65.5%-28.7pp | 81.7%-44.9pp | 72.3%-35.5pp |
| Annual return | 12.52% | 118.20%-105.7pp | 122.10%-109.6pp | 97.94%-85.4pp |
| Employer contribution / active EE | $133 | $1,844-92.8% | $5,169-97.4% | $2,406-94.5% |
| Participant deferral / active EE | $934 | $2,555-63.5% | $5,569-83.2% | $4,132-77.4% |
| Admin fee / account holder | $83 | $150-44.3% | $16,244-99.5% | $170-50.8% |