Filed December 21, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $438,381 |
Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 20-8874282 | Advisory (Plan) | $53,622 |
LOCKTON INVESTMENT ADVISORS, LLC3+ years Filed as: LOCKTON FINANCIAL ADVISORS LLC Service code 49 · EIN 20-3247391 | Other Services | $50,651 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $56,536 | $100,921-44.0% | $82,312-31.3% | $177,276-68.1% |
| Participation rate | 99.1% | 86.9%+12.2pp | 76.9%+22.2pp | 74.8%+24.3pp |
| Annual return | 16.46% | 20.33%-3.9pp | 25.88%-9.4pp | 21.25%-4.8pp |
| Employer contribution / active EE | $3,474 | $3,145+10.5% | $2,428+43.1% | $2,479+40.2% |
| Participant deferral / active EE | $2,703 | $5,192-47.9% | $3,706-27.1% | $3,881-30.3% |
| Admin fee / account holder | $73 | $64+14.5% | $5,608-98.7% | $154-52.3% |