Filed May 25, 2016 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
INDEPENDENT FINANCIAL GROUP LLC1+ years Filed as: INDEPENDENT FINANCIAL GROUP Service code 26 · EIN 71-0927304 | Advisory (Participants) | $6,370 |
Service code 15 · EIN 35-0145825 | Recordkeeping | $688 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $392 |
Filed as: AMERICAN UNITIED LIFE INSURANCE CO Service code 52 | Indirect Investment Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $42,547 | $52,467-18.9% | $57,196-25.6% | $55,167-22.9% |
| Participation rate | 27.8% | 75.8%-48.0pp | 75.3%-47.5pp | 69.0%-41.2pp |
| Annual return | 4.72% | 7.72%-3.0pp | 14.59%-9.9pp | 169.23%-164.5pp |
| Employer contribution / active EE | $0 | $2,477-100.0% | $2,683-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $555 | $2,830-80.4% | $3,096-82.1% | $3,054-81.8% |
| Admin fee / account holder | $112 | $269-58.5% | $3,141-96.4% | $504-77.8% |