Filed December 27, 2018 (most recent of 9 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
CAPFINANCIAL PARTNERS LLC6 years Service code 27 · EIN 26-0058143 | Advisory (Plan) | $58,989 |
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $27,295 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $81,452 | $144,879-43.8% | $111,319-26.8% | $93,010-12.4% |
| Participation rate | 60.1% | 86.1%-26.1pp | 77.3%-17.2pp | 73.9%-13.8pp |
| Annual return | 18.05% | 18.11%-0.1pp | 54.68%-36.6pp | 158.70%-140.7pp |
| Employer contribution / active EE | $232 | $3,052-92.4% | $2,732-91.5% | $2,705-91.4% |
| Participant deferral / active EE | $1,758 | $5,576-68.5% | $4,488-60.8% | $4,561-61.4% |
| Admin fee / account holder | $25 | $104-75.9% | $7,966-99.7% | $152-83.5% |