Filed February 28, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $82,048 |
INDEPENDENT FINANCIAL GROUP LLC7+ years Service code 27 · EIN 71-0927304 | Advisory (Plan) | $40,839 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,655 | $63,768-8.0% | $98,477-40.4% | $79,393-26.1% |
| Participation rate | 69.9% | 69.9%0pp | 73.3%-3.5pp | 70.7%-0.9pp |
| Annual return | 16.96% | 626.18%-609.2pp | 1493.59%-1476.6pp | 116.87%-99.9pp |
| Employer contribution / active EE | $2,036 | $2,558-20.4% | $2,961-31.2% | $2,428-16.1% |
| Participant deferral / active EE | $4,187 | $3,305+26.7% | $4,276-2.1% | $4,046+3.5% |
| Admin fee / account holder | $380 | $516-26.3% | $5,951-93.6% | $627-39.4% |