Filed December 2, 2024 (most recent of 2 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $183,556 |
MCSOLEY MCCOY & CO1 year Filed as: MCSOLEY, MCCOY & COMPANY Service code 10 · EIN 03-0327374 | Accounting | $8,189 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $58,975 | $54,392+8.4% | $84,753-30.4% | $63,975-7.8% |
| Participation rate | 67.9% | 76.9%-9.0pp | 76.6%-8.7pp | 71.1%-3.3pp |
| Annual return | 7.50% | 611.38%-603.9pp | 22.78%-15.3pp | 48.65%-41.1pp |
| Employer contribution / active EE | $4,324 | $2,943+46.9% | $3,574+21.0% | $2,182+98.2% |
| Participant deferral / active EE | $2,876 | $2,593+10.9% | $3,712-22.5% | $3,356-14.3% |
| Admin fee / account holder | $80 | $136-41.2% | $5,333-98.5% | $70+13.4% |