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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $92,641 | $101,317-8.6% | $146,958-37.0% | $74,495+24.4% |
| Participation rate | 68.5% | 75.5%-7.0pp | 82.2%-13.7pp | 67.2%+1.3pp |
| Annual return | 11.94% | 8730.91%-8719.0pp | 418.34%-406.4pp | 1364.94%-1353.0pp |
| Employer contribution / active EE | $2,404 | $3,810-36.9% | $4,933-51.3% | $2,623-8.3% |
| Participant deferral / active EE | $7,568 | $7,303+3.6% | $8,070-6.2% | $4,346+74.1% |
| Admin fee / account holder | $326 | $1,739-81.2% | $12,998-97.5% | $1,942-83.2% |