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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $156,502 |
FOCUS 401K GROUP, LLC2+ years Filed as: FOCUS 401(K) GROUP, LLC Service code 27 · EIN 47-1258840 | Advisory (Plan) | $76,300 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $51,622 | $34,495+49.6% | $78,677-34.4% | $63,975-19.3% |
| Participation rate | 69.6% | 60.8%+8.8pp | 73.6%-3.9pp | 71.1%-1.5pp |
| Annual return | 301.86% | 11.62%+290.2pp | 62.19%+239.7pp | 48.65%+253.2pp |
| Employer contribution / active EE | $378 | $1,398-73.0% | $2,850-86.7% | $2,182-82.7% |
| Participant deferral / active EE | $2,889 | $2,100+37.6% | $3,517-17.8% | $3,356-13.9% |
| Admin fee / account holder | $116 | $68+70.1% | $4,510-97.4% | $70+64.1% |