Filed July 19, 2023
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $29,702 |
Filed as: LA RUE, CORRIGAN MCCORMI Service code 10 · EIN 95-4304740 | Accounting | $9,100 |
NFP RETIREMENT INC1+ years Filed as: NFP ADVISOR SERVICES LLC Service code 49 · EIN 74-2794194 | Other Services | $5,795 |
NFP RETIREMENT INC1+ years Filed as: NFP INSURANCE SERVICES INC Service code 49 · EIN 74-2470431 | Other Services | $1,256 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
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 | $19,513 | $88,324-77.9% | $115,038-83.0% | $55,191-64.6% |
| Participation rate | 71.6% | 72.5%-0.9pp | 81.4%-9.7pp | 69.2%+2.5pp |
| Annual return | 0.23% | 6.30%-6.1pp | 26.14%-25.9pp | 10.78%-10.6pp |
| Employer contribution / active EE | $64 | $2,805-97.7% | $4,608-98.6% | $1,899-96.6% |
| Participant deferral / active EE | $1,273 | $5,042-74.8% | $6,026-78.9% | $3,046-58.2% |
| Admin fee / account holder | $111 | $105+4.9% | $8,175-98.6% | $91+21.8% |