Filed October 22, 2019 (most recent of 2 filings on file)
Total covered: 45 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY11+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $71,693 |
Filed as: WELLTH ADVISORY SERVICES Service code 13 · EIN 99-2539506 | Contract Administrator | $47,284 |
THE RETIREMENT ADVANTAGE INC11+ years Service code 49 · EIN 39-1816008 | Other Services | $25,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $189,481 | $87,870+115.6% | $113,168+67.4% | $74,304+155.0% |
| Participation rate | 94.4% | 70.7%+23.6pp | 76.6%+17.8pp | 60.3%+34.0pp |
| Annual return | 16.27% | 26.44%-10.2pp | 24.27%-8.0pp | 29.43%-13.2pp |
| Employer contribution / active EE | $3,493 | $2,277+53.4% | $2,975+17.4% | $2,241+55.9% |
| Participant deferral / active EE | $8,416 | $4,241+98.4% | $5,107+64.8% | $3,767+123.4% |
| Admin fee / account holder | $374 | $3,368-88.9% | $12,068-96.9% | $2,969-87.4% |