Filed October 12, 2022 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC1+ years Filed as: NFP ADVISOR SERVICES, LLC Service code 27 · EIN 74-2794194 | Advisory (Plan) | $54,555 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $12,205 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $14,286 | $35,135-59.3% | $85,969-83.4% | $59,188-75.9% |
| Participation rate | 74.6% | 50.0%+24.6pp | 76.5%-1.9pp | 69.4%+5.2pp |
| Annual return | 0.69% | 11.01%-10.3pp | 9.32%-8.6pp | 5.51%-4.8pp |
| Employer contribution / active EE | $64 | $764-91.6% | $3,474-98.2% | $2,098-96.9% |
| Participant deferral / active EE | $727 | $1,349-46.1% | $3,829-81.0% | $3,265-77.7% |
| Admin fee / account holder | $6 | $152-96.1% | $6,053-99.9% | $92-93.6% |