Filed February 28, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $76,259 |
INDEPENDENT FINANCIAL GROUP LLC8+ years Service code 27 · EIN 71-0927304 | Advisory (Plan) | $40,282 |
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 | $55,967 | $51,226+9.3% | $82,744-32.4% | $66,938-16.4% |
| Participation rate | 70.5% | 67.9%+2.6pp | 72.6%-2.1pp | 69.8%+0.7pp |
| Annual return | -11.57% | -9.61%-2.0pp | 702.22%-713.8pp | 1.58%-13.1pp |
| Employer contribution / active EE | $2,129 | $2,612-18.5% | $3,008-29.2% | $2,545-16.3% |
| Participant deferral / active EE | $4,353 | $3,460+25.8% | $4,395-1.0% | $4,238+2.7% |
| Admin fee / account holder | $376 | $416-9.6% | $5,325-92.9% | $594-36.7% |