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 | $101,653+27.0% | $147,080-12.3% | $74,459+73.3% |
| Participation rate | 100.0% | 75.6%+24.4pp | 82.2%+17.8pp | 67.2%+32.8pp |
| Annual return | 25.24% | 8754.98%-8729.7pp | 420.17%-394.9pp | 1369.70%-1344.5pp |
| Employer contribution / active EE | $8,703 | $3,813+128.2% | $4,933+76.4% | $2,626+231.4% |
| Participant deferral / active EE | $14,680 | $7,304+101.0% | $8,066+82.0% | $4,350+237.5% |
| Admin fee / account holder | $563 | $1,752-67.9% | $12,989-95.7% | $1,945-71.1% |