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 COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $45,490 |
FIRST WESTERN TRUST BANK7+ years Filed as: FIRST WESTERN TRUST Service code 27 · EIN 27-0083757 | Advisory (Plan) | $29,005 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $104,989 | $65,409+60.5% | $98,442+6.7% | $85,850+22.3% |
| Participation rate | 96.7% | 65.0%+31.7pp | 73.3%+23.4pp | 69.3%+27.4pp |
| Annual return | 13.92% | 21.76%-7.8pp | 1492.73%-1478.8pp | 318.53%-304.6pp |
| Employer contribution / active EE | $3,297 | $2,168+52.1% | $2,960+11.4% | $2,565+28.6% |
| Participant deferral / active EE | $8,917 | $3,166+181.6% | $4,276+108.5% | $3,952+125.6% |
| Admin fee / account holder | $507 | $4,593-89.0% | $5,949-91.5% | $6,260-91.9% |