Filed August 14, 2019
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $531,016 |
CHENMED, LLC1 year Service code 13 · EIN 46-3929096 | Contract Administrator | $65,250 |
Filed as: CAPFINANCIAL PARTNERS, L Service code 27 · EIN 26-0058143 | Advisory (Plan) | $61,552 |
MORGAN STANLEY SMITH BARNEY2 years Filed as: J.P. MORGAN SECURITIES LLC Service code 27 · EIN 13-4110995 | Advisory (Plan) | $39,230 |
CROWE LLP2 years Service code 49 · EIN 35-0921680 | Other Services | $20,193 |
ALSTON & BIRD LLP1 year Service code 29 · EIN 58-0137615 | Legal | $16,348 |
KAUFMAN ROSSIN & CO3 years Service code 10 · EIN 59-1818353 | Accounting | $15,000 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,695 | $52,346-58.6% | $143,757-84.9% | $78,044-72.2% |
| Participation rate | 95.3% | 72.7%+22.6pp | 80.3%+15.0pp | 74.4%+20.9pp |
| Annual return | -13.20% | -14.19%+1.0pp | -0.04%-13.2pp | 10.87%-24.1pp |
| Employer contribution / active EE | $3,066 | $2,131+43.9% | $4,951-38.1% | $3,125-1.9% |
| Participant deferral / active EE | $5,092 | $3,800+34.0% | $5,637-9.7% | $5,084+0.1% |
| Admin fee / account holder | $121 | $63+89.9% | $14,673-99.2% | $79+52.6% |