Filed July 6, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $52,841 |
NATIONAL BENEFIT SERVICES, LLC2+ years Filed as: NATIONAL BENEFIT SERVICES Service code 13 · EIN 20-3886993 | Contract Administrator | $32,378 |
DYNAMIC WEALTH ADVISORS1 year Service code 27 · EIN 25-3945512 | Advisory (Plan) | $28,916 |
Filed as: NATIONAL BENEFIT SERVICES LLC Service code 13 | Contract Administrator | $2,972 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,719 | $55,458-24.8% | $76,030-45.1% | $77,762-46.4% |
| Participation rate | 34.9% | 63.6%-28.7pp | 69.1%-34.2pp | 70.6%-35.7pp |
| Annual return | 8.21% | 17.10%-8.9pp | 361.54%-353.3pp | 31.27%-23.1pp |
| Employer contribution / active EE | $401 | $1,792-77.6% | $2,688-85.1% | $2,728-85.3% |
| Participant deferral / active EE | $2,222 | $3,454-35.7% | $4,257-47.8% | $4,651-52.2% |
| Admin fee / account holder | $395 | $411-4.0% | $6,421-93.9% | $433-8.9% |