Filed March 1, 2023 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SUNWEST PENSIONS1 year Service code 15 · EIN 86-0922116 | Recordkeeping | $51,805 |
Filed as: PRINCOR FINANCIAL SERVICES Service code 26 711 HIGH STREET · DES MOINES, IA 50392 | Advisory (Participants) | $28,558 |
TAG RESOURCES, LLC1 year Service code 14 · EIN 62-1874769 | Plan Administrator | $22,544 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $52,835 | $46,100+14.6% | $86,582-39.0% | $69,631-24.1% |
| Participation rate | 68.1% | 67.2%+1.0pp | 73.5%-5.4pp | 70.7%-2.6pp |
| Annual return | 15.48% | 21.02%-5.5pp | 965.08%-949.6pp | 27571.02%-27555.5pp |
| Employer contribution / active EE | $710 | $1,850-61.6% | $2,839-75.0% | $2,032-65.1% |
| Participant deferral / active EE | $2,198 | $2,432-9.6% | $3,609-39.1% | $3,224-31.8% |
| Admin fee / account holder | $412 | $94+339.0% | $4,904-91.6% | $110+272.9% |