Filed April 6, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 74-2794194 | Advisory (Plan) | $15,993 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,086 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $37,120 | $56,171-33.9% | $108,745-65.9% | $55,167-32.7% |
| Participation rate | 56.1% | 70.7%-14.6pp | 77.7%-21.6pp | 69.0%-12.9pp |
| Annual return | 21.34% | 214.86%-193.5pp | 46.22%-24.9pp | 169.23%-147.9pp |
| Employer contribution / active EE | $2,265 | $2,153+5.2% | $3,323-31.8% | $1,963+15.4% |
| Participant deferral / active EE | $4,112 | $3,437+19.7% | $5,121-19.7% | $3,054+34.6% |
| Admin fee / account holder | $169 | $302-44.1% | $6,144-97.3% | $504-66.6% |