Filed August 22, 2016 (most recent of 9 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,479,526 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $89,286 |
Service code 27 · EIN 51-6041053 | Advisory (Plan) | $68,794 |
SAGEPOINT FINANCIAL INC2 years Service code 17 · EIN 20-1741754 | Pension Consulting | $34,861 |
Filed as: NEW YORK LIFE SECURITIES Service code 49 · EIN 27-0145686 | Other Services | $33,732 |
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $32,144 |
Filed as: PARK AVENUE SECURITIES Service code 27 · EIN 13-4023176 | Advisory (Plan) | $31,057 |
Service code 49 · EIN 52-2114207 | Other Services | $30,825 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $27,112 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $24,563 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $18,096 | $135,240-86.6% | $170,055-89.4% | $96,393-81.2% |
| Participation rate | 18.1% | 86.5%-68.4pp | 87.0%-68.9pp | 71.3%-53.2pp |
| Annual return | 114.96% | 22.04%+92.9pp | 53.43%+61.5pp | 22.88%+92.1pp |
| Employer contribution / active EE | $232 | $5,029-95.4% | $6,790-96.6% | $3,239-92.8% |
| Participant deferral / active EE | $586 | $8,138-92.8% | $10,410-94.4% | $5,455-89.3% |
| Admin fee / account holder | $131 | $85+54.2% | $12,828-99.0% | $74+77.2% |