Filed October 18, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $97,634 |
CAPFINANCIAL PARTNERS LLC2 years Service code 27 · EIN 26-0058143 | Advisory (Plan) | $53,412 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $111,762 | $44,642+150.4% | $91,220+22.5% | $66,914+67.0% |
| Participation rate | 98.9% | 64.9%+34.1pp | 73.2%+25.7pp | 69.8%+29.1pp |
| Annual return | -10.99% | -12.29%+1.3pp | 114.01%-125.0pp | 1.58%-12.6pp |
| Employer contribution / active EE | $5,215 | $1,706+205.6% | $2,850+83.0% | $2,544+105.0% |
| Participant deferral / active EE | $4,675 | $3,349+39.6% | $4,234+10.4% | $4,237+10.3% |
| Admin fee / account holder | $389 | $521-25.4% | $5,420-92.8% | $593-34.4% |