Filed November 22, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $68,468 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $35,440 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $96,057 | $104,479-8.1% | $159,474-39.8% | $79,391+21.0% |
| Participation rate | 62.5% | 76.6%-14.1pp | 82.8%-20.3pp | 70.7%-8.2pp |
| Annual return | 11.59% | 67.98%-56.4pp | 263.68%-252.1pp | 116.88%-105.3pp |
| Employer contribution / active EE | $2,159 | $3,417-36.8% | $4,831-55.3% | $2,428-11.1% |
| Participant deferral / active EE | $7,146 | $6,468+10.5% | $7,353-2.8% | $4,046+76.6% |
| Admin fee / account holder | $362 | $711-49.1% | $10,802-96.6% | $627-42.2% |