Filed January 27, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $56,767 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $13,720 |
Annual investment return 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.
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 | $5,038 | $30,107-83.3% | $61,452-91.8% | $64,819-92.2% |
| Participation rate | 83.9% | 36.4%+47.6pp | 52.6%+31.4pp | 71.5%+12.5pp |
| Annual return | -20.36% | -13.99%-6.4pp | 338.96%-359.3pp | 32.84%-53.2pp |
| Employer contribution / active EE | $0 | $537-100.0% | $1,160-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $1,847 | $1,126+64.0% | $2,125-13.1% | $4,311-57.2% |
| Admin fee / account holder | $82 | $148-44.7% | $2,131-96.2% | $188-56.3% |