Filed August 9, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $17,171 |
NFP RETIREMENT INC1+ years Filed as: NFP ADVISOR SERVICES LLC Service code 49 · EIN 74-2794194 | Other Services | $8,254 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $40,808 | $37,134+9.9% | $100,671-59.5% | $52,331-22.0% |
| Participation rate | 66.4% | 57.7%+8.7pp | 70.7%-4.4pp | 68.1%-1.7pp |
| Annual return | 0.04% | 0.10%-0.1pp | 20.43%-20.4pp | 4.54%-4.5pp |
| Employer contribution / active EE | $782 | $1,187-34.2% | $4,012-80.5% | $1,882-58.5% |
| Participant deferral / active EE | $2,305 | $2,163+6.5% | $3,144-26.7% | $3,022-23.7% |
| Admin fee / account holder | $168 | $467-63.9% | $4,850-96.5% | $592-71.5% |