Filed March 21, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $75,926 |
ROYAL ALLIANCE ASSOCIATES INC6+ years Service code 49 · EIN 93-0987232 | Other Services | $17,458 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $155,125 | $69,383+123.6% | $101,275+53.2% | $73,497+111.1% |
| Participation rate | 99.0% | 68.4%+30.7pp | 75.8%+23.2pp | 70.7%+28.3pp |
| Annual return | 14.48% | 18.46%-4.0pp | 46.48%-32.0pp | 28.51%-14.0pp |
| Employer contribution / active EE | $3,231 | $2,628+22.9% | $3,660-11.7% | $2,270+42.3% |
| Participant deferral / active EE | $7,894 | $3,301+139.1% | $4,371+80.6% | $3,740+111.1% |
| Admin fee / account holder | $455 | $704-35.4% | $5,948-92.4% | $513-11.4% |