Filed June 11, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $136,578 |
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143 | Advisory (Plan) | $130,722 |
Service code 49 · EIN 42-0245840 | Other Services | $9,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $249,516 | $129,021+93.4% | $184,203+35.5% | $77,643+221.4% |
| Participation rate | 97.1% | 87.3%+9.8pp | 86.8%+10.3pp | 70.6%+26.5pp |
| Annual return | 13.18% | 33.27%-20.1pp | 28.81%-15.6pp | 31.24%-18.1pp |
| Employer contribution / active EE | $10,147 | $4,413+129.9% | $6,427+57.9% | $2,726+272.2% |
| Participant deferral / active EE | $9,990 | $7,297+36.9% | $9,131+9.4% | $4,647+115.0% |
| Admin fee / account holder | $378 | $254+48.8% | $13,901-97.3% | $430-12.3% |