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 COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $63,247 |
CETERA ADVISOR NETWORKS LLC4 years Service code 27 · EIN 95-3845382 | Advisory (Plan) | $17,250 |
Filed as: CWM, LLC Service code 27 · EIN 27-4011107 | Advisory (Plan) | $11,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $99,367 | $136,307-27.1% | $177,840-44.1% | $73,493+35.2% |
| Participation rate | 98.4% | 86.1%+12.3pp | 87.7%+10.7pp | 70.7%+27.7pp |
| Annual return | 13.02% | 18.68%-5.7pp | 48.32%-35.3pp | 28.51%-15.5pp |
| Employer contribution / active EE | $2,681 | $3,712-27.8% | $5,919-54.7% | $2,270+18.1% |
| Participant deferral / active EE | $7,221 | $5,829+23.9% | $7,714-6.4% | $3,740+93.1% |
| Admin fee / account holder | $411 | $596-31.0% | $12,431-96.7% | $513-20.0% |