Filed October 18, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $97,623 |
CAPFINANCIAL PARTNERS LLC3 years Service code 27 · EIN 26-0058143 | Advisory (Plan) | $51,813 |
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 | $125,159 | $51,315+143.9% | $95,745+30.7% | $71,457+75.2% |
| Participation rate | 97.3% | 63.0%+34.3pp | 72.3%+25.0pp | 67.9%+29.4pp |
| Annual return | 14.59% | 25.26%-10.7pp | 28.35%-13.8pp | 28.85%-14.3pp |
| Employer contribution / active EE | $4,350 | $1,819+139.2% | $2,835+53.5% | $2,588+68.1% |
| Participant deferral / active EE | $5,139 | $3,358+53.0% | $4,245+21.1% | $4,289+19.8% |
| Admin fee / account holder | $403 | $1,137-64.5% | $5,678-92.9% | $1,587-74.6% |