Filed December 2, 2022 (most recent of 2 filings on file)
Total covered: 12 employees
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| Provider | Service type | Compensation |
|---|---|---|
FIRST WESTERN TRUST BANK10+ years Filed as: FIRST WESTERN TRUST Service code 27 · EIN 27-0083757 | Advisory (Plan) | $29,399 |
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $28,645 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $101,062 | $60,393+67.3% | $81,820+23.5% | $74,429+35.8% |
| Participation rate | 80.8% | 62.9%+17.9pp | 72.4%+8.4pp | 67.2%+13.6pp |
| Annual return | 12.59% | 16.89%-4.3pp | 777.93%-765.3pp | 1368.38%-1355.8pp |
| Employer contribution / active EE | $3,491 | $2,626+32.9% | $2,915+19.8% | $2,625+33.0% |
| Participant deferral / active EE | $7,530 | $3,397+121.7% | $4,323+74.2% | $4,348+73.2% |
| Admin fee / account holder | $384 | $1,491-74.2% | $7,391-94.8% | $1,944-80.2% |