Filed August 3, 2022 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $191,720 |
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 | Advisory (Plan) | $80,561 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $187,656 | $79,151+137.1% | $60,919+208.0% | $64,824+189.5% |
| Participation rate | 84.2% | 77.7%+6.5pp | 73.1%+11.1pp | 71.5%+12.7pp |
| Annual return | -10.12% | -7.12%-3.0pp | 16.96%-27.1pp | 32.84%-43.0pp |
| Employer contribution / active EE | $4,968 | $3,052+62.8% | $2,704+83.8% | $2,507+98.2% |
| Participant deferral / active EE | $6,672 | $3,727+79.0% | $3,814+74.9% | $4,311+54.8% |
| Admin fee / account holder | $639 | $106+504.6% | $3,228-80.2% | $188+240.2% |