Filed May 12, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $41,053 |
Filed as: KESTRA ADVISORY SERICES Service code 27 | Advisory (Plan) | $12,233 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $0 |
Filed as: WILSHIRE ASSOCIATES INC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,991 | $69,771-8.3% | $67,524-5.2% | $74,400-14.0% |
| Participation rate | 45.9% | 71.4%-25.5pp | 72.9%-27.0pp | 67.2%-21.3pp |
| Annual return | 14.93% | -40.49%+55.4pp | 3519.41%-3504.5pp | 1367.51%-1352.6pp |
| Employer contribution / active EE | $980 | $2,710-63.8% | $2,734-64.2% | $2,624-62.7% |
| Participant deferral / active EE | $2,919 | $3,638-19.8% | $4,001-27.1% | $4,348-32.9% |
| Admin fee / account holder | $420 | $889-52.8% | $4,001-89.5% | $1,944-78.4% |