Filed November 16, 2021 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $595,002 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $140,268 | $104,544+34.2% | $96,564+45.3% | $80,187+74.9% |
| Participation rate | 97.6% | 86.4%+11.3pp | 76.0%+21.6pp | 72.9%+24.7pp |
| Annual return | 19.42% | 21.79%-2.4pp | 25.89%-6.5pp | 40.40%-21.0pp |
| Employer contribution / active EE | $6,193 | $3,527+75.6% | $2,967+108.7% | $2,980+107.8% |
| Participant deferral / active EE | $9,710 | $6,170+57.4% | $4,852+100.1% | $5,016+93.6% |
| Admin fee / account holder | $112 | $107+5.1% | $8,256-98.6% | $145-22.6% |