Filed December 2, 2022 (most recent of 2 filings on file)
Total covered: 12 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $36,047 |
FIRST WESTERN TRUST BANK5+ years Filed as: FIRST WESTERN TRUST Service code 27 · EIN 27-0083757 | Advisory (Plan) | $29,491 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $66,675 | $51,620+29.2% | $90,324-26.2% | $65,186+2.3% |
| Participation rate | 98.5% | 68.6%+29.9pp | 73.3%+25.2pp | 70.2%+28.3pp |
| Annual return | 24.06% | 24.94%-0.9pp | 78.15%-54.1pp | 29.39%-5.3pp |
| Employer contribution / active EE | $3,211 | $2,235+43.7% | $2,856+12.4% | $2,177+47.5% |
| Participant deferral / active EE | $6,442 | $2,871+124.4% | $3,885+65.8% | $3,514+83.3% |
| Admin fee / account holder | $358 | $384-6.8% | $5,356-93.3% | $847-57.7% |