Filed November 22, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $62,929 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $32,804 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $92,641 | $101,672-8.9% | $147,117-37.0% | $74,478+24.4% |
| Participation rate | 68.5% | 75.5%-7.0pp | 82.2%-13.7pp | 67.2%+1.3pp |
| Annual return | 11.94% | 8757.83%-8745.9pp | 420.54%-408.6pp | 1370.56%-1358.6pp |
| Employer contribution / active EE | $2,404 | $3,813-36.9% | $4,932-51.3% | $2,626-8.4% |
| Participant deferral / active EE | $7,568 | $7,305+3.6% | $8,065-6.2% | $4,350+74.0% |
| Admin fee / account holder | $326 | $1,753-81.4% | $12,993-97.5% | $1,946-83.2% |