Filed September 27, 2019 (most recent of 5 filings on file)
Total covered: 1 employees
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $58,475 |
CETERA ADVISOR NETWORKS LLC3 years Service code 27 · EIN 95-3845382 | Advisory (Plan) | $22,515 |
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 | $89,818 | $98,982-9.3% | $162,177-44.6% | $65,185+37.8% |
| Participation rate | 99.1% | 85.8%+13.3pp | 87.6%+11.6pp | 70.2%+28.9pp |
| Annual return | 20.18% | 24.84%-4.7pp | 115.60%-95.4pp | 29.38%-9.2pp |
| Employer contribution / active EE | $2,767 | $3,467-20.2% | $5,613-50.7% | $2,177+27.1% |
| Participant deferral / active EE | $7,205 | $5,384+33.8% | $7,297-1.3% | $3,514+105.0% |
| Admin fee / account holder | $401 | $596-32.8% | $10,843-96.3% | $847-52.7% |