Filed January 2, 2018
Total covered: 7 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $105,087 |
CREATIVE PLANNING LLC3 years Filed as: CREATIVE PLANNING, INC. Service code 27 · EIN 43-1270780 | Advisory (Plan) | $63,889 |
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 | $235,759 | $79,171+197.8% | $102,423+130.2% | $74,495+216.5% |
| Participation rate | 81.3% | 74.8%+6.5pp | 76.5%+4.8pp | 67.2%+14.0pp |
| Annual return | 13.03% | 54.93%-41.9pp | 29.32%-16.3pp | 1364.94%-1351.9pp |
| Employer contribution / active EE | $5,505 | $2,362+133.0% | $3,023+82.1% | $2,623+109.9% |
| Participant deferral / active EE | $7,703 | $4,415+74.5% | $5,053+52.5% | $4,346+77.3% |
| Admin fee / account holder | $531 | $2,001-73.5% | $9,451-94.4% | $1,942-72.7% |