Filed January 25, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL LIFE INSURANCE CO. Service code 13 · EIN 42-0127290 | Contract Administrator | $71,789 |
S B H U LIFE AGENCY INC1 year Service code 49 | Other Services | $42,484 |
Filed as: UNIGLOBAL PENSION PLANNING INC Service code 13 | Contract Administrator | $5,589 |
Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786 | Loan Processing | $4,528 |
Filed as: AMERITAS ADVISORY Service code 27 · EIN 84-4383499 | Advisory (Plan) | $4,107 |
Filed as: UNIGLOBAL PESNION PLANNING INC Service code 13 · EIN 13-3601506 | Contract Administrator | $1,340 |
S B H U LIFE AGENCY INC1 year Filed as: S B H U LIFE AGENCY INC. Service code 49 · EIN 13-2896238 | Other Services | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $129,052 | $101,591+27.0% | $147,096-12.3% | $74,429+73.4% |
| Participation rate | 100.0% | 75.5%+24.5pp | 82.2%+17.8pp | 67.2%+32.8pp |
| Annual return | 25.24% | 8746.45%-8721.2pp | 419.75%-394.5pp | 1368.38%-1343.1pp |
| Employer contribution / active EE | $8,703 | $3,813+128.3% | $4,936+76.3% | $2,625+231.6% |
| Participant deferral / active EE | $14,680 | $7,302+101.0% | $8,071+81.9% | $4,348+237.6% |
| Admin fee / account holder | $563 | $1,750-67.8% | $13,005-95.7% | $1,944-71.1% |