Filed May 18, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $129,014 |
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA INVESTMENT ADVISERS LLC Service code 27 · EIN 36-3258176 | Advisory (Plan) | $49,345 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,713 | $82,979-66.6% | $102,412-72.9% | $77,736-64.3% |
| Participation rate | 97.4% | 71.5%+25.8pp | 74.5%+22.9pp | 70.6%+26.8pp |
| Annual return | 15.39% | 19.11%-3.7pp | 24.94%-9.6pp | 31.26%-15.9pp |
| Employer contribution / active EE | $1,103 | $3,554-69.0% | $3,870-71.5% | $2,728-59.6% |
| Participant deferral / active EE | $4,042 | $4,109-1.6% | $5,060-20.1% | $4,651-13.1% |
| Admin fee / account holder | $140 | $639-78.1% | $8,388-98.3% | $433-67.8% |